CDFA News
CDFA Statement Regarding the Status of the CDBG Program
2017-04-06

CDFA STATEMENT REGARDING THE STATUS OF THE CDBG PROGRAM

Funding for the Community Development Block Grant (CDBG) program is provided to New Hampshire via Congressional appropriation through the U.S. Department of Housing and Urban Development (HUD). For fiscal year 2017, Congress passed a continuing resolution to provide funding for CDBG and other federal programs. The expiration of that continuing resolution is April 28.
 
Due to the fact that Congress did not pass a full year of funding, HUD has not distributed its allocation amounts to CDBG program administrators across the United States. Congress is currently working to address the April 28 deadline but unfortunately, as of today, Thursday, April 6, no resolution has been achieved.
 
As a result, CDFA is forced to limit awards being recommended to the Community Development Advisory Committee today under this Housing and Public Facilities round to the amount of funding that is currently available, which is $2,174,656. The unfortunate result is an additional four projects that would normally qualify for a CDBG award under prior year allocation levels are not fundable at this time.
 
In addition, due to these same circumstances, CDFA must suspend review of applications currently pending or yet-to-be submitted under all CDBG programs administered by CDFA.
When a resolution in Washington D.C. is reached and HUD provides specific allocation amounts for fiscal year 2017, and it has been determined that funding level is adequate, CDFA will move swiftly to finalize awards for the remaining four projects, as well as restart suspended application reviews. 
 
CDFA deeply regrets this situation and is in touch with New Hampshire’s federal delegation in Washington D.C. to urge swift resolution of this matter. 
 
Background on New Hampshire’s Community Development Block Grant Program
CDFA has awarded more than $126 million in Community Development Block Grant (CDBG) funds since 2003. These critical resources have been deployed to communities throughout New Hampshire and have a significant impact on economic development, housing and community-based initiatives across the state. 
 
The federal CDBG program provides financial assistance to municipalities for projects that benefit low-to-moderate income residents. Administered in New Hampshire by CDFA since 2003, awards are provided for public services, housing, substance abuse recovery centers, job creation and workforce training initiatives, as well as planning and emergency funding for high-priority municipal needs. 
 
“Towns across New Hampshire depend on these federal funds,” said Taylor Caswell, Executive Director of the Community Development Finance Authority. “Dozens of local municipalities across the state use these resources to bring new jobs, help treat drug addiction, build workforce housing, and revitalize downtowns, among other important community and economic development projects.”

CDFA Events
2017-05-02
The Credit Committee will meet Tuesday
2017-05-04
The Community Development Advisory Committee will meet Thursday
2017-05-09
The CDFA Board of Directors will meet Tuesday
2017-05-09
The Executive Committee will meet Tuesday
2017-06-01
The Community Development Advisory Committee will meet Thursday