Tuesday, April 6, 2010

DEVELOPMENT: Small Business programs and CDBG funding

Question/Comment: A resident notes that the City's FY10 Budget (V.6, page 19) states that, for the Executive Administration Department, main priorities include "expand support for small business with Retail Best Practices, Storefront Improvement Program, Small Business Workshops and Training and Commercial Rehabilitation Revolving Loan Program.  The resident would like to know what percent of each of these programs are paid for through the HUD CDBG Entitlement funds, and what percent are paid for out of the City's pocket.

City Update 4/6/10:  According to the City's Office of Strategic Planning and Community Development (OSPCD), the program and administrative costs of  business development programs are paid for with funding from the US Department of Housing and Urban Development (HUD) Community Development Block Grant (CDBG) program, with the exception of the Commercial Rehabilitation Loan Fund, which is still under development and seeking a funding commitment.  

No comments:

Post a Comment

Please note that you are about to comment on a blog moderated by the City of Somerville. Questions and comments will be moderated, edited, and responded to as time allows.

Also note, there are certain legal terms associated with posting to this website which include, but are not limited to, the following:

1. No comments or posts may endorse any candidate or political parties for political office;
2. No comments or posts may advertise or offer to sell any goods or services; and
3. No comments or posts may defame or otherwise violate the legal rights of others.

A complete version of the legal terms and conditions for posting to this website is available here: http://somervilleresistat.org/uploads/Blog_legal_terms.pdf