Reduced appropriations—based on the appropriations bill passed last month by Congress—will mean significant decreases in funding for many communities who rely on Community Development Block Grant (CDBG) and HOME grants. Both programs have provided funds for a range of Vermont activities, including development and renovation of affordable housing.
Vermont's allocation of CDBG funds will fall by 8% during the FY 2012 and it's HOME funds will fall by 11%.