Housing & Community Development manages significant funding for housing development and home ownership, economic development, homelessness prevention, and neighborhood planning activities in Greensboro. HCD develops an annual budget, solicits and reviews proposals, conducts agency training, and monitors programs and activities for compliance.

Funding for these activities comes from a variety of sources, including:

• Community Development Block Grant (CDBG) funds
• HOME Investments Partnership funds
• Emergency Shelter grants
• A Lead Safe Housing grant, and
• A BEDI grant, which the City is using in conjunction with a grant from the Environmental Protection Agency to address abandoned industrial sites called "brownfields."
• Nussbaum Housing Partnership money and bonds for affordable housing activities.

These sources attract a significant investment of state tax credit dollars and private funds.

Every new fiscal year, HCD produces an Annual Plan for the available funding amounts, which outlines the projects and activities for the following 12 months. The process for the Annual Plan begins in late fall or early winter when a draft is prepared. The community then has an opportunity to comment before the plan goes before City Council for adoption. Citizen participation is both required and desired as a guiding element.

Each Annual Plan draws its direction from the department's Five-Year Consolidated Plan. The current Consolidated Plan is for 2005 to 2009. Every activity in the Annual Plan needs to have some relation to the Consolidated Plan, which has heavy citizen input and involvement.

In addition the City is the managing member of the Greensboro HOME Program Consortium. This consortium consists of Greensboro, Burlington, Guilford County and Alamance County.

The City's Internal Audit Division assists in monitoring HCD projects and grantees. For example, Affordable Multi-Family Housing properties (apartments) that have been invested in by HCD (with either local or federal funds) are monitored each year to ensure that rents remain affordable to lower-income citizens, that the property is being maintained and is in good repair, and that the financial stability of the property and managing company is maintained.