Formula Grant B24MC120030

Award Date 10/1/24
Completion Date 9/1/31
Dollars Obligated $134K
Federal Grant Program
14.218
Assistance Type
Formula Grant
Place of Performance
Okaloosa Island, FL 32548, USA

The City of Fort Walton Beach received a $134,174 Community Development Block Grant/Entitlement Grant (CFDA 14.218) from the U.S. Department of Housing and Urban Development (HUD). This Formula Grant, awarded on October 1, 2024, with a completion date of September 1, 2031, supports community development initiatives in Okaloosa Island, Florida that provide decent housing, suitable living environments, and expanded economic opportunities, primarily for low- and moderate-income individuals. The CDBG Entitlement Grants program is a long-standing HUD initiative that provides annual formula funding to state and local governments to address a range of community needs. This award to the City of Fort Walton Beach will likely be used for activities such as real property acquisition, residential and non-residential rehabilitation, public facilities/infrastructure construction, public services, and economic development assistance, in alignment with the program's objectives.

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