In a significant move to address the growing need for affordable housing, the City of Corvallis has opened applications for federal grant funding through two key programs: the Community Development Block Grant (CDBG) program and the HOME Investment Partnerships (HOME) program. As of November 2024, the city is seeking proposals from organizations, developers, and community groups to help achieve its housing goals and provide affordable housing options for residents.
What Are the CDBG and HOME Programs?
Both programs are federally funded initiatives designed to assist local governments in funding projects that support affordable housing and community development. The CDBG program focuses on providing grants for community development projects that benefit low- and moderate-income individuals, such as housing rehabilitation and public facilities improvement.
The HOME program provides funding specifically for affordable housing projects. This includes activities such as constructing, rehabilitating, and acquiring housing to support low-income families and individuals in the area.
Purpose of the Grant Funding
The grant funding will be used to further Corvallis’ ongoing efforts to expand and improve the local housing market by focusing on projects that provide accessible housing solutions. The City’s goals include supporting affordable housing development, improving housing quality, and assisting low-income residents in securing stable housing.
This federal funding represents a significant opportunity for both nonprofit organizations and private developers to contribute to Corvallis’ affordable housing landscape. By providing financial support, the City hopes to attract innovative projects that address the unique needs of its residents, promote inclusive community growth, and combat the housing affordability crisis.
How to Apply for the Grants
Organizations interested in applying for these funds should submit proposals detailing their plans for affordable housing initiatives. The City of Corvallis will evaluate proposals based on their alignment with the city’s goals, the ability to address local housing needs, and the overall impact on the community. Specific guidelines for submitting proposals can be found on the City of Corvallis Housing and Neighborhood Services webpage, and all applications are due by the designated deadline.
Impact on Corvallis Housing
With affordable housing being one of the primary challenges facing many communities today, these federal grant programs offer a vital opportunity to make a tangible difference. Successful projects funded through these grants will help Corvallis meet its long-term housing goals while ensuring that future generations can find affordable and quality housing in the city.
As Corvallis continues to grow, these federal funds will play a key role in supporting the creation of housing that is accessible to all. Local stakeholders, including residents, developers, and community groups, are encouraged to take advantage of this funding opportunity to contribute to the city’s housing development efforts.
For more information on how to apply for the CDBG and HOME grants, visit the City of Corvallis website or contact the Housing and Neighborhood Services Division directly.
Information for this article was sourced from the City of Corvallis website.