Project Grant B24CPME1068

This $1,310,000 federal Project Grant award was provided by the U.S. Department of Housing and Urban Development's 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 Cooperative Development Institute, Inc., a non-profit organization based in Maynard, Massachusetts.

The purpose of this grant is to support a wide range of economic development and community development activities, which may include real property acquisition, housing rehabilitation, public facilities improvements, public services, and other initiatives that can create jobs and foster business growth. The specific activities to be performed under this award are currently unknown, as the recipient must first submit a project narrative to confirm alignment with the language provided in the Congressional Record. However, the grant is expected to result in the completion of the project as described in the Joint Explanatory Statement associated with the Consolidated Appropriations Act of 2022, which authorized these congressionally directed funds. The ultimate completion date for this award is August 31, 2032.