Monterey Park is eligible to receive Community Development Block Grants (CDBG) from HUD to finance a wide range of community development activities. CDBG and HOME monies are Monterey Park's primary sources of funding for low and moderate income housing assistance. The city will continue to use CDBG funds to stabilize neighborhoods and preserve and upgrade the existing housing stock.
The city's goal is to continue to improve the housing and social program needs of the community. The City of Monterey Park is committed to meeting the needs of its citizens and uses these monies to improve the quality
of life of its low and moderate income residents.
The monies are used to fund program such as the: