Executive Summary:
The City of Independence has been a Community Development Block Grant (CDBG) Entitlement community since the program’s inception in 1974. Section 108 is the loan guarantee provision of the Community Development Block Grant (CDBG) program. It provides communities with a flexible source of financing to provide assistance to future economic development projects and/or programs that will have a significant impact on job creation, job retention, housing rehabilitation, public facilities, and/or blight prevention and elimination. Staff will provide an overview of the Section 108 Program. |