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City prepares to launch $17 million CDBG‑DR small-business program; staff to use subrecipients for grants, loans and technical assistance
Summary
City staff told the committee they will prioritize a $17 million CDBG‑DR small‑business support program and will use competitive NOFOs to select subrecipients who will administer grants, forgivable loans and technical assistance to qualifying local businesses.
The city’s Community Development Division presented details Aug. 19 on its Community Development Block Grant–Disaster Recovery (CDBG‑DR) program rollout and the small-business support program staff plans to prioritize for early implementation.
Manager James Shelton said the city received a HUD CDBG‑DR grant this year and that the action plan submitted to HUD in April was approved in May. The city is finalizing program manuals and certification requirements; Shelton said the city recently obtained HUD certification for financial-management and grant-compliance systems and would sign the grant agreement before program implementation.
Shelton said the small-business support program within the economic‑revitalization bucket is budgeted at $17 million and will deliver grants, forgivable loans and technical assistance intended to stabilize businesses affected by Tropical Storm Helene. The economic‑revitalization bucket totals about $52 million of the city’s CDBG‑DR allocation; other buckets include infrastructure, workforce development and housing-related…
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