Prior to joining Nationstar, Mike served in leadership roles at Banc One Financial Services from 1997 to 1999 and at Household Financial Services from 1991 to 1997. Mike received a B.A. in Business Management from Virginia Wesleyan College and has over 20 years of expertise in mortgage operations.
Community Development Block Grant. The Community Development Block Grant (CDBG), one of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities such as affordable housing, anti-poverty programs, and infrastructure development.
Because of the strong statutory emphasis of the CDBG program on benefiting low and moderate income persons, it is vitally important that communities planning to use CDBG funds in public/private partnerships understand that compliance with the CDBG program regulations on benefit will be measured using the CDBG definitions of low and moderate income.