The Difference Between the Community Development Block Grant (CDBG)program and the Urban

question 18

Multiple Choice

The difference between the Community Development Block Grant (CDBG) program and the urban renewal program is that the CDBG program ________.

• A)gave government officials a larger role in developing urban renewal projects
• B)gave local officials lesser flexibility in how federal funds are used
• C)shifted emphasis from providing direct assistance to low-income residents to focus on economic development
• D)taxed businesses located in areas with high unemployment or poverty at a lower rate than other areas of a city

---

Definitions:

Mortgage Portfolio

A collection of mortgage loans held by a financial institution or investor that can generate income through interest payments made by the borrowers.

Carrying Value

The book value of an asset as shown on the balance sheet, calculated as the original cost minus accumulated depreciation, impairment charges, or amortization.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.

Restructuring Gain

Income recognized from the process of reorganizing the legal, ownership, operational, or other structures of a company to make it more profitable or organized.