CDFA Community Development Block Grant (CDBG)
This program provides funding to New Hampshire municipalities for projects that improve community facilities, create affordable housing, and stimulate economic development, particularly benefiting low and moderate-income residents.
Description
The Community Development Finance Authority (CDFA) administers the Community Development Block Grant (CDBG) program for New Hampshire, providing funds from the U.S. Department of Housing and Urban Development to support the development of viable communities, economic opportunities, and community revitalization, especially for low and moderate-income individuals. The program focuses on public facilities grants, housing grants, economic development grants and loans, microenterprise grants, and planning grants. Funding aims to address community needs like water and sewer improvements, affordable housing, job creation, and community planning activities. Applications are competitively awarded to municipalities, which may sub-grant to nonprofits or other entities executing the projects.