Project Grant B24CPCO0441

This federal Project Grant award of $1,000,000 was provided by the U.S. Department of Housing and Urban Development's (HUD) Assistant Secretary for Community Planning and Development under the Economic Development Initiative, Community Project Funding, and Miscellaneous Grants program (CFDA 14.251). The grant was awarded on August 13, 2024 to the City of Steamboat Springs, Colorado to support a wide range of economic development and community development activities in the local area.

The specific products or services to be delivered through this funding are not yet known, as HUD will not have the full details of the project until the recipient submits the required project narrative and confirms alignment with the language provided in the Congressional Record. However, based on the program description, the grant is expected to support initiatives that can include real property acquisition, housing rehabilitation, public facilities improvements, public services, and economic development efforts aimed at creating jobs and fostering business growth in the Steamboat Springs community. The grant has an ultimate completion date of August 31, 2032, providing an approximately 8-year performance period for the City of Steamboat Springs to execute the funded project.