Monday, January 14, 2013
More than 39,000 residents in 11 communities across South Carolina will benefit from improvement projects supported by more than $3.4 million in Community Development Block Grant (CDBG) funds.
The South Carolina Department of Commerce awarded CDBG funds to the communities, including Hanahan, which received $25,000 for a neighborhood revitalization plan.
“The CDBG program consistently has a positive impact on communities across our state that need resources for community development, providing a stronger infrastructure in South Carolina for improving residents’ quality of life, and creating a more competitive environment for bringing jobs and investment,” said South Carolina Secretary of Commerce Bobby Hitt.
Selected through a statewide competitive process, communities receiving CDBG funding are required to provide at least 10 percent matching funds. To secure grant funding, communities must demonstrate how they will use grant funds to ensure healthy and safe neighborhoods.
Approximately 77 percent of these funds will directly benefit low- to moderate-income communities with improvements.
The grants funds are allocated annually to South Carolina from the United States Department of Housing and Urban Development (HUD). The Department of Commerce administers the CDBG program for South Carolina. CDBG assists communities in providing housing, a suitable living environment and expanded economic opportunities. Grants are awarded to local governments.