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.
The Community Development Finance Authority (CDFA) is conducting an Application Writing Workshop for its Tax Credit Program.
The Community Development Finance Authority is conducting an Application Writing Workshop for its Tax Credit Program.
CDBG applications for the first round of 2015 Housing and Public Facilities grants are due by close of business this day.