1. Community Development Block Grant Program The Community Development Block Grant (CDBG) Entitlement Program provides annual grants on a formula basis to entitled cities and counties to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income persons. The program is authorized under Title 1 of the Housing and Community Development Act of 1974, Public Law 93-383, as amended; 42 U.S.C.-530.1 et seq.42 U.S.C.-530.1 Section 108 Loan Guarantee Program Section 108 is the loan guarantee component of the Community Development Block Grant (CDBG) Program. Section 108 provides communities with a source of financing for economic development, housing rehabilitation, public facilities, and large-scale physical development projects. This flexibility makes it one of the most potent and important public investment tools that HUD offers to local governments. NY Brownfields Opportunity Summit

2. HOME Investment Partnerships Program The HOME Investment Partnerships Program (HOME) provides formula grants to states and localities that communities use - often in partnership with local nonprofit groups - to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. It is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households. National Housing Trust Fund Program HTF is a new, non-appropriated source of funding for affordable housing production that will complement existing Federal, State, and local housing programs Rule Published: January 30, 2015 GSE Deposits Due: February 28, 2016 Allocations Published: March - April 2016 Grants Agreements Executed: Commencing in Summer 2016 NY Brownfields Opportunity Summit

3. Low Income Housing Credits Created by the Tax Reform Act of 1986, the LIHTC program gives State and local LIHTC-allocating agencies the equivalent of nearly $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households. HUD Technical Assistance Are you a CPD Grantee, Continuum of Care (CoC) entity or HMIS Lead that needs assistance with implementing, operating or administering a CPD-funded program, CoC or HMIS? You can ask for help here! HUD has Technical Assistance (TA) providers available to help. https://www.hudexchange.info/technical-assistance/ NY Brownfields Opportunity Summit

4. HUD Choice Neighborhoods Grants of up to $2 million will enable communities to create a locally driven plan to transform struggling neighborhoods, as well as implement Action Activities, such as: - Reclaiming and recycling vacant property into community gardens, pocket parks, farmers markets, or land banking; - Beautification, place making, and community arts projects; - Homeowner and business façade improvement programs; - Neighborhood broadband/Wi-Fi; - Fresh food initiatives; and - Gap financing for economic development projects. NY Brownfields Opportunity Summit

5. Questions? Vincent Hom Director New York Office of Community Planning and Development 26 Federal Plaza Suite 3513 New York, NY 10278 (212) 542-7401 vincent.hom@hud.gov www.hud.gov NY Brownfields Opportunity Summit