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Rocky Mount presents proposed CDBG and HOME reallocations to boost homeownership and CHDO projects
Summary
City staff proposed substantial amendments to the 2019–2024 annual action plans to reallocate Community Development Block Grant (CDBG) and HOME funds toward down-payment assistance, single- and multi-family development, and economic development; public hearing opened and closed with no public speakers.
Rocky Mount city staff on Monday presented proposed substantial amendments to the 2019–2024 annual action plans that would reallocate Community Development Block Grant (CDBG) and HOME Investment Partnerships Program (HOME) funds to accelerate homeownership and housing development for low- and moderate-income households.
The amendments would reduce the housing-rehabilitation budget and shift those dollars to down-payment assistance and housing development. Staff proposed reducing…
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