CDBG
Community Development Block Grant
Total Federal Allocation: $1B
Total Oklahoma Allocation: 4,289,932
Funding Type: Awaiting guidance from the US Department of Housing and Urban Development
Detail Website: http://www.hud.gov/recovery/cdblock.cfm
Eligible Entities:
Eligible applicants are units of local government (counties and incorporated towns or cities). CDBG entitlement communities are not eligible.
- Edmond, Enid, Lawton, Midwest City, Norman, Oklahoma City, Shawnee, Tulsa, and Tulsa County
Description:
By enhancing public systems through the investment of federal and state resources, Commerce helps provide Oklahoma communities with the infrastructure, facilities and planning required for economic growth.
Requirements:
- At least 51% of the jobs to be created will be held by or made available to persons who qualify as Low to Moderate Income (LMI) persons
- At least one (1) permanent job will be created for every $35,000 of CDBG funds requested. Lower costs per job ratios are encouraged
- Economic Development Infrastructure Financing Grants
- Maximum of $1 million
Evaluation Criteria:
- Leverage
- Health insurance
- Wage above the average county wage
- Job threshold by size of community
- Targeted industry and enterprise zone
Timelines: Awaiting guidance from HUD
Download the PDF: CDBG (updated 05-26-2009)
Oklahoma Department of Commerce Contact:
Scott_Myers@OKcommerce.gov
405-815-5356
800-879-6552