CDBG Entitlement Status Discussion. September 13, 2011 City Council Workshop. Background. Received l etter from Department of Housing and Urban Development providing City with option to pursue CDBG Entitlement Status City must respond in writing no later than September 16
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September 13, 2011
City Council Workshop
FFY 2011 - 22.6 Million (@30-35 Grants)
Currently undergoing review by Governor for FFY2012
Competitive Program (246 Eligible Communities)
$750,000 Maximum Grant Award
Two Categories: Regular and Economic Development
The City currently has $750,000 grant in Regular Category for Owner-Occupied Housing Rehabilitation Program
Open Application Cycle, Up to 2 Open ED Grants
Infrastructure, Grants/Loans to Businesses
Must Create at Least 22 Jobs, 51% Must be Offered to LMI
What if Business Doesn’t Create Jobs?Grant Paid Back!
Example Project/Programs that Beneficiary Must be LMI