 TITLE XII OF THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009Community Development Block Grant Program Funding (CDBG-R) |
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The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17, 2009. The Recovery Act includes $13,61 billion for projects and programs administered by the Department of Housing and Urban Development (HUD), nearly 75% of which was allocated to state and local recipients on February 25, 2009. Title XII of the Recovery Act infused the Community Development Block Grant Program with additional funding (CDBG-R). Fort Collins received $271,137 of additional CDBG funding to give to projects that can award contracts based on bids within 120 days of the grant agreement (aka projects that are 'shovel-ready'), and federal CDBG regulations apply. As per the CDBG-R Recovery Act Transparency Board Requirements, the City of Fort Collins provided for the public a copy of its Grantee Submission including all amendments approved by HUD. Additional information is available on the HUD Recovery website at http://portal.hud.gov/portal/page/portal/RECOVERY. On June 2, 2009 the City Council approved CDBG-R funding for two projects: 1. $230,466 - Fort Collins Housing Corporation, Village on Stanford: substantial rehabilitation of 82 units of permanently affordable housing. 2. $40,617 - Homelessness Prevention Initiative: emergency rent assistance for households affected by the economic crisis. For more information, please contact us. Federal Agency: U.S. Department of Housing and Urban Development Program Description: The Community Development Block Grant (CDBG) program enables local governments to undertake a wide range of activities intended to create suitable living environments, provide decent affordable housing and create economic opportunities, primarily for persons of low and moderate income. Under the Recovery Act, recipients shall give priority to projects that can award contracts based on bids within 120 days of the grant agreement. The Recovery Act of 2009 directs that CDBG-R grantees are to use these funds for projects that maximize job creation and economic benefit. Funds available to the City of Fort Collins: $271,137 Date funds are available: August 24, 2009 Date of City Council approval of funding allocations: June 2, 2009 Projects approved: Fort Collins Housing Corporation Village on Stanford: substantial rehabilitation of 82 units of permanently affordable housing: $230,466 Homelessness Prevention Initiative: emergency rent assistance for households affected by the economic crisis: $40,671 City Department: Advance Planning Community Partnership Grants Program |
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