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Integrated Stimulus Guide - Housing: Community Development Block Grants Print Share

Community Development Block Grants
$1 billion was included in formula funds to be distributed to local communities and states for community development and affordable housing activities.
New Mexicowill receive $5.7 million for the program.

Administrator: State of New Mexico, Local Government Division

Description: Provides flexible funding to New Mexico and the communities of Albuquerque, Las Cruces, Santa Fe, Rio Rancho, and Farmington for a variety of community development, economic development, and affordable housing purposes.

Purpose: To develop viable communities by providing decent housing and a suitable living environment and by expanding economic opportunities, principally for persons of low- and moderate-income. Grantees must ensure that at least 70 percent of its Community Development Block Grants (CDBG) grant funds are used for activities that benefit low- and moderate-income persons.

Helpful Link: http://www.hud.gov/local/nm/community/cdbg/index.cfm

Website: www.hud.gov/recovery

Phone: (505) 346-6463 (HUD Albuquerque Field Office)