Authorization of costs. Davis-Bacon labor requirements. These must be met if CDBG funds are used for building construction or renovation and may be required for equipment installation. In addition to the above general requirements and limitations, the following criteria will be used to evaluate projects for CDBG loan assistance. Average hourly wages.
Projects paying higher wages receive higher preference.
Fringe benefits to be provided to employees Longevity of jobs. Capacity to repay the CDBG loan. Owner's equity commitment. Management capability . These include local tax increment financing on the project, local development corporation financial contributions, local land or building contributions, and others.