Washington D.C. – September 24, 2009 – (RealEstateRama) — The U.S. Department of Housing and Urban Development announced that all Recovery Act funding for Community Development Block Grants (CDBG) have been released and are now in the hands of the state and local communities. The Recovery Act included $1 billion for CDBG of which $2.9 million was allocated for Macomb and Oakland Counties and communities.“More CDBG funding, through the Recovery Act, comes at an important time for our communities who are grappling with difficult budgets and the ongoing economic downturn,” said Rep. Levin. “Communities can decide what programs best meet the needs of their communities and residents, and get the money out to stimulate the local economy.”
Since 1974, CDBG has provided more than $127 billion to state and local governments to target their own community development priorities. These funds are used to rehabilitate housing, reconstruct residential streets, help fund domestic violence shelters, and fund important economic development initiatives.
*communities without a direct allocation receive their money from the county