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BOOK <br />The CDBG program was created in 1974 when <br />Congress passed the Housing and Community <br />Development Act (Title I). The program's purpose is <br />to benefit low and moderate income (LMI) persons; to <br />prevent or eliminate slum or blight; and to address <br />urgent community development needs. <br />1. Housing Rehabilitation <br />Housing rehabilitation or replacement. <br />2. Neighborhood Revitalization <br />Water and sewer lines, streets. in residential neighborhoods <br />3. Commercial Revitalization <br />Sidewalk or street improving business facades. <br />4. Economic Development <br />Low interest business loans <br />Grants for public facilities serving a new business <br />Grants to construct a leased building <br />APRIL 20, 1999 <br />