Formula Grant B25DU020001

This is a $933,800 Community Development Block Grant - Disaster Recovery (CDBG-DR) and Community Development Block Grant - Mitigation (CDBG-MIT) Formula Grant awarded by the U.S. Department of Housing and Urban Development (HUD) to the Alaska Department of Commerce, Community and Economic Development. The grant funding will be used to assist communities in Alaska recovering from presidentially declared disasters through long-term recovery, infrastructure restoration, housing, economic revitalization, and mitigation activities. The grant has an initial award date of April 21, 2025 and an expected completion date of April 21, 2031. At least 70% of the grant funds must be used to benefit low- and moderate-income households per HUD requirements. As a Formula Grant, the specific sub-recipient activities are not known at the time of award, but the grant allows for a wide range of eligible disaster recovery and mitigation initiatives to be undertaken.