Formula Grant B24MC480043

Award Date 10/1/24
Completion Date 9/1/31
Dollars Obligated $912K
Federal Grant Program
14.218
Assistance Type
Formula Grant
Place of Performance
Fairview, TX 75069, USA

The U.S. Department of Housing and Urban Development (HUD) has awarded the City of McKinney, Texas a $912,415 Community Development Block Grant/Entitlement Grant (CFDA 14.218) to support community development initiatives. This Formula Grant, awarded on October 1, 2024, will enable the City of McKinney to provide decent housing, suitable living environments, and expand economic opportunities, primarily for low- and moderate-income residents, through FY 2031. The grant funds may be used flexibly for activities such as real property acquisition, rehabilitation of residential and non-residential structures, construction of public facilities and infrastructure, provision of public services, and economic development assistance. While the specific subrecipient activities are unknown at the time of award, the CDBG Entitlement program provides localities significant discretion in tailoring projects to address their unique community development needs and priorities.

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