COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (CDBG)
The primary objective of the CDBG Program is the development of viable urban communities. These viable communities are achieved by providing the following, principally for persons of low and moderate income: (1) a suitable living environment, (2) decent affordable housing; and, (3) expanded economic opportunities.
CDBG funds can be used for a wide range of activities, including housing rehabilitation, demolition and clearance of deteriorated structures, property acquisition, economic development, public improvements/infrastructure and services. Activities are restricted to Concord city limits. The CDBG entitlement amount for FY 2012-2013 is $420,764.
Public Service Agency Assistance
Each year the city sets aside between 10% and 12% of its annual CDBG allocation for eligible non-profits that provide supportive or human services assistance. Among the organizations that receive assistance are Cabarrus Meals on Wheels, Cooperative Christian Ministry, and Prosperity Unlimited.
Center City Façade Loan Program
CDBG funds also support the implementation of the Center City Façade Loan Program. The Façade Loan Program is designed to assist property owners enhance the appearance and/or correct building or zoning code deficiencies on the exterior of existing buildings in Center City. The City is committed to the visual enhancement of business corridors that provide employment opportunities and serve as gateways to downtown. Center City is the targeted area because of the average age of the commercial structures and the number of low and moderate income neighborhoods. Up to $15,000 is available to applicants. Applications are considered on a first-come-first-serve basis and available funding. In order to qualify for assistance, at least one job that benefits a low or moderate income person must be created within six months of project completion. Loans are available to property owners at two percent interest (2%) for periods of five or ten years. All loans are secured by a deed of trust and promissory note.
HOME INVESTMENTS PARTNERSHIPS ACT PROGRAM (HOME)
Cabarrus/Iredell/Rowan HOME Consortium
The Cabarrus/Iredell/Rowan HOME Consortium was formed in 1996 for the purpose of cooperatively providing safe, decent and affordable housing to low and moderate income citizens living in nine municipalities: City of Concord, Cabarrus County, Iredell County, City of Kannapolis, Town of Mooresville, City of Salisbury, City of Statesville, and Rowan County. The City of Concord acts as lead entity of the Cabarrus/Iredell/Rowan HOME Consortium and is authorized to request, submit and receive HOME funds from the U.S. Department of Housing and Urban Development (HUD) on their behalf. The City distributes funds to consortium members, manages the program, and ensures regulatory compliance. The HOME entitlement amount for FY 2012-2013 is $922,083, of which $177,126 is allocated to the City of Concord.
Eligible activities include the construction of affordable single family and rental housing, property acquisition, the purchase/rehab/resale of affordable housing and down payment assistance for low and moderate income first-time homebuyers.
For more information about these programs, contact Pepper Bego at 704-920-5133.