HUD Funding Supports Community Development
Throughout the year, the U.S. Department of Housing and Urban Development (HUD) awards funding to states, counties and cities for various projects. HUD programs support infrastructure improvement, low-income housing development, improved access to jobs and schools, and numerous other initiatives. Governments and organizations have come to rely on HUD funding to move project forward in rural American as well as on Main Street.
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In a statement released late last year, the U.S. Housing and Urban Development Department (HUD) announced that the city of Monroe, Louisiana would be receiving some of that funding. The HUD money was allocated specifically for low-income housing and community development projects in Monroe and the surrounding area.
A total of $1.45 million was awarded to the city in the form of Community Development Block Grants (CDBG) and HOME Investment Partnership funding. The city’s Planning and Urban Development Department already hosted an informational meeting for organizations that are qualified to apply for CDBG and HOME funds.
Up to 15 percent of the $944,339 allocated through CDBGs can be designated for non-profit organizations that promote affordable housing interests. Another 15 percent of HOME funding can also be allocated for non-profits that are recognized Community Housing Development Organizations (CHDO).
Many non-profits have already applied for some of the CDBG and/or HOME funding, as a result of earlier meetings where the grants and the application process were explained. City officials haven’t indicated when awards will be announced, or if more than one round of funding will be available. Developers interested in Monroe-based projects are encouraged to contact the city’s Planning and Urban Development Department for additional information.
The CDBG program has benefited state and local government projects since 1
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