CDBG Small Cities Catalyst Program Funds Available
The NC Department of Commerce Community Investment and Assistance Program currently has funds available in non-entitlement areas of the State which can be used for Supportive Housing. These funds are available through the NC Catalyst Program.
The Catalyst Program provides grants of up to $500,000 that can be used for a wide variety of community development activities including the construction of homeless shelters, the acquisition of land or buildings for affordable rental housing, and the rehabilitation of buildings for affordable rental housing. These funds could also be used as the required match for the Supportive Housing Development Program.
The primary purpose of the Catalyst Program is to provide grants to local governments to develop viable communities by providing decent housing, a suitable living environment, and expanding economic opportunities, principally for persons of low and moderate-income. Non-entitlement municipalities or counties are given the opportunity to tailor a project to meet the community development needs specific and most critical to their locality primarily for their low and moderate-income residents. This new grant program incorporates several previous CDBG programs and activities such as Housing Development, Individual Development Accounts, and Community Revitalization.
The application deadline for this grant is April 30, 2012. Please visit the NC Department of Commerce website for more information and application instructions.