Realtor.com report says CDBG-linked housing incentives hit hardest in smaller Midwest, Northeast cities
NWSA•Cities highlighted for exposure
Realtor.com highlights large-city exposure where CDBG matters more and new-build listings are scarce, including Milwaukee, Detroit, and Cleveland.
Largest grants and estimated impact
The median city’s CDBG award equals 0.33% of total revenue; a maximum 10% grant penalty implies a median hit of about $84,000.
The largest grants go to:
- New York City: $169.3 million
- Chicago: $75.1 million
- Los Angeles: $50.2 million
Realtor.com flags housing incentive exposure in smaller cities
Realtor.com analysis flags the 21st Century ROAD to Housing Act as tying CDBG payouts to local housing-stock growth.
The incentives look most consequential for smaller post-industrial Midwest and Northeast cities where CDBG makes up more of municipal revenue.
