NCUA’s Post

Looking to apply for Community Development Block Grant or CDBG funding? 💰 Check out this session from the Virginia Department of Housing and Community Development (DHCD) for helpful information on submitting competitive grant applications. The presentation will highlight program details and changes while providing application guidance. ➡️ 2024 CDBG How to Apply (HTA) 📅 Wednesday, April 24 ⏰ 1:00 – 3:00 pm ET 💻 Register: https://lnkd.in/epetCv5G A recording of the presentation will also be available online. #CDBG #CDBGapplication #DHCD #VirginiaDHCD #communitydevelopment #grant #grantprograms #blockgrant #CommunityDevelopmentBlockGrant

💙 $1.5 million on grants in 2022 ❤️ $43.5 million in Community Development loans And that's just the beginning. Read all about how Liberty is working to build stronger communities. Get the full 2022 Impact Report at https://lnkd.in/gdcUwu5e. #BeCommunityKind

Come learn about this year's CDRLF grant round!

🌟 Meet Our Neighbor: The City of Columbia, MO! 🌟 Columbia’s Community Development Department allocates $1.4M annually in federal CDBG/HOME funds to support housing, infrastructure, and economic development for low to moderate-income households. Before becoming our Neighbor, they were having trouble staying compliant and ensuring transparency in reporting as their programs expanded. With Neighborly Software, they efficiently manage intake, compliance, reporting, funding, and loan activities in one comprehensive solution. This has reduced staff audit prep time by 20% and provided real-time visibility into program spending and results: https://hubs.la/Q02DCf_n0

Grant $$ available to Maryland Small Business Owners! Through $10 million in small business and community development grants, the Maryland Department of Housing and Community Development plans to target investments to activate vacant spaces in business corridors and support small businesses with start up or expansion funds while creating jobs and increasing local economic activity. There are two paths that the grant funding can be accessed: economic development entities can apply for Project Restore 2.0, which will incentivize commercial investment in downtowns, Main Streets and other business districts by providing funding for entities to subgrant to businesses. Or eligible new and expanding small businesses in designated Sustainable Communities can apply for funding directly through Business Boost. https://lnkd.in/e-AYvsMX

Curious what kind of word CDBG does? Check out this update from Dallas, TX on their community impact! Their Five-Year Consolidated Plan is a comprehensive document that outlines the City’s Housing market conditions, identifies the need for affordable housing and community development, and provides strategies to address these needs over a 5-year period. This plan coordinates the City’s housing and economic development plans with other public, private and nonprofit service providers to create a coordinated vision for community development and housing actions. The goals and outcomes of this plan were to provide decent and affordable housing, create and maintain a suitable living environment, and expand economic activity. The City of Dallas has reported that 138,915 residents have benefited from public facility improvements, 2,342 affordable housing units have been developed, and 117 homes have been rehabilitated. Check out their community impact to read more about the work they’ve done: https://lnkd.in/grhsGtUp

What is CDBG, and who does it benefit? 📄 The Community Development Block Grant (CDBG) is a grant program administered by the U.S. Department of Housing and Urban Development that provides resources to state and local governments and their local partners to fund a wide range of community development projects, principally for low-and moderate-income people. Most funds are dedicated to a mixture of large, mid-size and somewhat smaller localities (70%) while states receive remaining funds (30%) to serve rural communities. CBDG program funds can be used for a host of activities that include infrastructure (public facilities and improvements), affordable housing, economic development, and public services. Each activity must meet one of three national objectives: 1️⃣ Benefit low-and moderate-income people 2️⃣ Address urgent health and safety needs in the community 3️⃣ Eliminate slums and blight Primarily, the CDBG program benefits low and moderate income people. Head to our website to learn more about CDBG and the NCDA: https://ncdaonline.org/

This is exactly the type of partnership needed to address housing gaps across Cumberland County. If you are a business owner or community leader wanting to address housing needs in your communitu, let’s talk!

The April issue of FOCUS Magazine highlights Cinnaire. For over 30 years, the community development financial organization has made high-impact investments and given loans to developers and nonprofits, focusing specifically on economically and racially marginalized communities that too often get passed over for capital. Learn more about Cinnaire's legacy of investing in people and places on page 14: https://lnkd.in/egThbC4