The City of Lynchburg is inviting applicants to apply for its Community Development Block Grant & HOME Program Funds.
Donor Name: City of Lynchburg
State: Virginia
City: Lynchburg
Type of Grant: Grant
Deadline: 02/01/2024
Size of the Grant: $500,000 to $1 million
Grant Duration: 1 Year
Details:
Community Development Block Grant (CDBG)
CDBG funds, as adopted by the U.S. Congress in 1974, must be used to address one of three National Objectives:
- Benefit low-and moderate-income (LMI) persons. Low- and moderate-income persons are those whose household incomes are at or below 80% of the area median income, as adjusted for family size, and as determined by HUD for Lynchburg;
- Prevent or eliminate slums or blight. To qualify under the National Objective of addressing slums or blight, the proposed activity must address these conditions on a “spot” or “area” basis or be a designated urban renewal activity that is part of an Urban Renewal project area or Neighborhood Development Plan (NDP);
- Meet a need having a particular urgency because existing conditions pose a serious and immediate threat to the health or welfare of the community and other financial resources are not available to meet such needs.
HOME
The HOME Investment Partnerships Act encourages the development of affordable housing, private sector participation and expanding the capacity of nonprofit and public housing providers. HOME program beneficiaries must have a household income that does not exceed 80% of the area median income, adjusted for family size.
The City of Lynchburg will consider projects that consist of one or more of the following eligible activities:
- Acquisition of property for the purpose of constructing or rehabilitating affordable housing;
- New construction of rental or homebuyer property;
- Rehabilitation of existing housing to comply with the local Rehabilitation Building Code;
- Site improvements to assist in the development of new affordable housing;
- Demolition;
- Relocation costs; or
- Project related soft costs.
Funding Information
- The City of Lynchburg received $708,843.00 in CDBG entitlement funds and $378,083.00 in HOME funds from HUD for Fiscal Year (FY) 2024. While the City has not yet been notified of its FY 2025 funding allocation, the City anticipates receiving the same funding amounts for each program in FY 2025. Both the CDBG and HOME funds are used to support homeownership, housing rehabilitation and repair programs, neighborhood projects, infrastructure, spot blight acquisitions and dispositions, and other initiatives administered directly by the Grants Administration Office.
- Additionally, a maximum of 20% of CDBG funds and a maximum of 10% of HOME funds may be used for program administration.
Grant Period
July 1, 2024 – June 30, 2025.
Eligibility Criteria
Eligible Applicants for CDBG Funds – Fiscal Year 2025:
- Nonprofit/Neighborhood Associations: Partnership applications between nonprofits/neighborhood associations/Lynchburg Redevelopment and Housing Authority (LRHA), and City departments for targeted neighborhood projects/public (housing) service activities. Note: LRHA is not a City department.
- LRHA programs such as housing redevelopment/development, rental rehabilitation, and direct costs associated with the Housing Authority’s CDBG and/or HOME projects.
- City Departments: (infrastructure; construction or rehabilitation of neighborhood centers; park improvements, aesthetic amenities on public property).
Eligible Applicants for HOME Funds (Non-profit Agencies or Lynchburg Redevelopment and Housing Authority [LRHA]) – Fiscal Year 2025
- Nonprofit agencies or the Lynchburg Redevelopment and Housing Authority that propose projects that consist of one or more of the following eligible activities:
- Acquisition of property for the purpose of constructing or rehabilitating affordable housing;
- New construction of rental or homebuyer property;
- Rehabilitation of existing housing to comply with the local Minimum Housing Code;
- Site improvements to assist in the development of new affordable housing;
- Demolition;
- Relocation costs;
- Project-related soft costs; or
- Down payment assistance.
- Nonprofit agencies that are approved Community Housing Development Organization (CHDO) that will develop affordable housing within the CDBG-targeted areas.
For more information, visit City of Lynchburg.
