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Council moves to accept disaster-recovery CDBG funds; short deadline pushes conditional commitments for multifamily projects
Summary
City staff described incoming federal CDBG recovery funds and a separate $31.95 million congressional allocation; the council introduced resolutions to accept grants and authorized conditional commitments so multifamily developers can meet an Alabama Housing Finance Authority Feb. 20 deadline.
City staff told the council the city is in the process of receiving federal Community Development Block Grant (CDBG) recovery funds and related congressional appropriations that would support multifamily rental development and disaster recovery work across storm-impacted neighborhoods.
Administration described a CDBG local recovery allocation (the transcript lists $53,149,037) and an additional $31.95 million downtown economic development…
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