CDFA News
Updated May 5 - CDFA Statement Regarding the Status of the CDBG Program
2017-05-05

UPDATED MAY 5 – CDFA STATEMENT REGARDING THE STATUS OF THE CDBG PROGRAM

On May 5, the President signed a continuing resolution (CR) for the remainder of fiscal year 2017 that would provide the Department of Housing and Urban Development (HUD) $3 billion in funding for the Community Development Block Grant program – an amount that is on-par with funding levels in previous years. 
 
Until HUD provides specific CDBG allocation amounts for fiscal year 2017, CDFA remains unable to complete awards under the first round of Housing and Public Facilities and must continue to suspend review of applications currently pending or yet-to-be submitted under all CDBG programs administered by CDFA. Once it has been determined that funding level is adequate, CDFA will move swiftly to finalize these awards and reviews. 
 
As background, funding for the Community Development Block Grant (CDBG) program is provided to New Hampshire via Congressional appropriation through the U.S. Department of Housing and Urban Development (HUD). HUD has not distributed its allocation amounts to CDBG program administrators across the United States. 
 
Background on New Hampshire’s Community Development Block Grant Program
CDFA has awarded more than $126 million in Community Development Block Grant (CDBG) funds since 2003. These critical resources have been deployed to communities throughout New Hampshire and have a significant impact on economic development, housing and community-based initiatives across the state. 
 
The federal CDBG program provides financial assistance to municipalities for projects that benefit low-to-moderate income residents. Administered in New Hampshire by CDFA since 2003, awards are provided for public services, housing, substance abuse recovery centers, job creation and workforce training initiatives, as well as planning and emergency funding for high-priority municipal needs. 
 
“Towns across New Hampshire depend on these federal funds,” said Taylor Caswell, Executive Director of the Community Development Finance Authority. “Dozens of local municipalities across the state use these resources to bring new jobs, help treat drug addiction, build workforce housing, and revitalize downtowns, among other important community and economic development projects.”

CDFA Events
2017-10-03
The Credit Committee will meet Tuesday
2017-10-05
The Community Development Advisory Committee will meet Thursday
2017-10-10
The CDFA Board of Directors will meet Tuesday
2017-10-10
The Finance Committee will meet Tuesday
2017-11-02
The Community Development Advisory Committee will meet Thursday