CDBG Modernization Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8026 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8026 To modernize the formulas for allocation of Community Development Block Grant Program grants for entitlement communities to more effectively target such amounts for community development needs, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 16, 2024 Mr. Kustoff (for himself and Mr. Hill) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To modernize the formulas for allocation of Community Development Block Grant Program grants for entitlement communities to more effectively target such amounts for community development needs, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``CDBG Modernization Act of 2024''. SEC. 2. INITIAL STUDY AND REPORT. (a) Study.--Not later than the expi…