Funding Sources of Subsidized Housing
CPD programs – may also be utilized for
many other applications beyond housing.
The local governments of historically larger
communities, such as Indianapolis and
Anderson, receive direct allocations from
HUD for both programs, while the state
(Indiana Housing and Community
Development Authority) receives an
allocation from HUD for which smaller
communities must compete. These
allocations from HUD directly to state and
local governments have eroded
considerably over time (Figure 4).
HUD provides resources through its
Community Planning and Development
Program (CPD) to state and local
governments through the Community
Development Block Grant Program
(CDBG), the HOME Investments
Partnerships Program (HOME), and
other programs.
These programs generally support projectbased investments that are tied to a
particular property rather than to
individuals (although there are some
exceptions). CDBG – the larger of the two
Figure 4. HUD CPD Funds: Indianapolis (2002-Present)
Total HUD Community Development & Planning Program
Indianapolis
Inflation-Adjusted to 2015 Dollars
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
CDBG
HOME
Source: US Department of Housing and Urban Development (2016)
8