Finance
Iowa's community development block grant (CDBG) funds administered through Iowa communities may be used for:
AIREC administrative expenses
BHousing rehabilitation, public infrastructure, and economic development benefiting low- and moderate-income persons✓ Correct
CCommercial property speculation
DReal estate agent training programs
Explanation
CDBG funds, administered by Iowa communities through the Iowa Economic Development Authority, support housing rehabilitation, public facility improvements, and economic development activities that primarily benefit low- and moderate-income residents.
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