The Community Development Block Grant (CDBG) is funded and regulated at the federal level by the U.S. Department of Housing and Urban Development (HUD) and administered locally by the City of Odessa's Community Development Department.
The basic program regulations governing management and financial systems for the CDBG program are contained in 24 CFR Part 570, Subparts J and K.
In addition to the basic regulations of the CDBG program contained in 24 CFR Part 570, there are four other categories of requirements that affect the administrative systems and procedures your agency must have in place to receive support:
Federal regulations governing administrative and audit requirements for grants which HUD has oversight responsibilities
Administrative circulars from the Office of Management and Budget (OMB) and Department of the Treasury governing cost principles, administrative systems, fiscal procedures, and audit requirements for grantees and Subrecipients
Executive Orders from the Office of the President implementing various equal employment opportunity and environmental policies