CDBG Program Overview
The primary purpose of the CDBG program is the development of viable communities by providing decent housing, suitable living environments, and expanding economic opportunities, principally for low and moderate income people. The program is sponsored by the US Department of Housing and Urban Development (HUD).
CDFA distributes CDBG grants to New Hampshire's cities, towns, and counties.* A nonprofit agency may also apply through its municipality or county as a sub-recipient of CDBG money. All eligible municipalities and counties can apply for up to $500,000 in CDBG funds per year.
Typically, each year the New Hampshire CDBG program receives approximately $8-10 million from HUD to use towards the CDBG Programs:
- Economic Development
- Housing, Public Facilities
- Emergencies and Unanticipated Events
- Feasibility Studies
After set-asides of approximately $100,000 for feasibility studies and $500,000 for emergency grants, CDFA divides the remaining allocation, with half going to economic development and the other half going to housing and public facilities projects.
*There are, however, five "entitlement communities" which get money directly from HUD as a special set-aside (These communities are Rochester, Dover, Portsmouth, Manchester, and Nashua). Projects located in these communities can apply either directly to the city or to CDFA through their county.
Required reporting for CDFA awardees must be completed and submitted today.
The Board of Directors of CDFA will consider applications for the 2015 tax credit program
Applications from communities interested in CDBG HS/PF must be submitted by today's deadline.
CDFA will hold a press conference to announce tax credit projects selected for FY 16 & 17
The Community Development Advisory Committee will consider the latest applications for CDBG grants.