Formula Grant B24MC480505

Award Date 10/1/24
Completion Date 9/1/31
Dollars Obligated $3M
Federal Grant Program
14.218
Assistance Type
Formula Grant
Place of Performance
Laredo, TX 78040, USA
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This federal Project Grant award, provided by the U.S. Department of Housing and Urban Development (HUD) under the Economic Development Initiative, Community Project Funding, and Miscellaneous Grants program (CFDA 14.251), will fund a wide range of economic and community development activities in Laredo, TX. The $1,766,279 grant, awarded on August 13, 2024, aims to support projects that create jobs, foster business growth, and provide targeted assistance to the local community. The specific...
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The Department of Housing and Urban Development (HUD) awarded a $3,032,219 Community Development Block Grant (CDBG) Entitlement Grant to the City of Laredo, Texas on October 1, 2024. The grant supports a range of community development activities in Laredo, including real property acquisition, public infrastructure construction, residential rehabilitation, and economic development initiatives. At least 70% of the CDBG funding must be used to benefit low- and moderate-income individuals. The grant has a period of performance from October 1, 2024 to September 1, 2031. As a CDBG Entitlement Grantee, the City of Laredo has flexibility in determining the specific projects and programs to be funded, which must align with the national objectives of the CDBG program to develop viable urban communities.

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