More than $8.2 million for communities in VirginiaStaff writer ▼ | August 18, 2015
Governor Terry McAuliffe announced more than $8.2 million in Community Development Block Grant (CDBG) funding for 12 projects in Virginia.
Virginia Governor Terry McAuliffe announced:
CDBG grants are awarded through a competitive process. Most projects benefit low- and moderate-income persons, and many projects are targeted for the prevention or elimination of slums and blight conditions.
During this year’s competitive cycle, 22 proposals were submitted by 21 localities, and 11 projects received the initial funding, with two projects receiving multi-year funding and one project receiving a letter of intent.
Multi-year funding projects are those that will receive a contract allocating a portion of the funds this year, and after achieving specific performance targets, the project will then be eligible for additional funding.
The letter of intent project is worthy of funding but lacks key components necessary for the project to be immediately implemented, and the grant allows the locality to address the missing key components. ■