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Asheville prepares to roll out $225M CDBG-DR program; HUD grant agreement executed and staff hired
Summary
Asheville — City staff said on Aug. 26 that HUD has executed Asheville's CDBG-DR grant agreement, allowing the city to proceed with program manuals, staffing and an implementation vendor required to distribute $225 million in disaster-recovery funds.
Asheville — City staff said on Aug. 26 that the U.S. Department of Housing and Urban Development has executed the city's CDBG-DR grant agreement, clearing a major administrative milestone and allowing the city to proceed with program manuals, staffing and vendor selection required to distribute funds.
Community Development staff briefed the Policy, Finance & Infrastructure Committee and said the city must meet HUD's federal requirements before distributing funds. "We have 66 months in 1 week to spend down our $225,000,000 CDBG-DR grant," the presenter said, noting the statutory spending window HUD imposes.
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