The Community Development Block Grant (CDBG) Coalition released a report on program’s impact and funding need. The report finds that the CDBG program has invested nearly $64 billion in local economies since 2000 and every $1.00 of CDBG funding leverages another $4.09 in public and private funding. It also shows that over 92 percent of the 253 local governments that responded to the CDBG Needs Survey have reduced local CDBG-funded programs because of a lack of program funding.