Community Development Block Grant - Recovery (CDBG-R)
The American Recovery and Reinvestment Act of 200
9 (ARRA) was signed into law by President Obama on February 17th, 2009, and included measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.
The Department for Local Government (DLG) was the prime recipient of $7.2 million in Recovery funding through the Department of Housing and Urban Development (HUD). The funding was referred to as CDBG-R approved by HUD on July 29, 2009. Most local governments are using this investment to rehabilitate affordable housing and improve key public facilities-stabilizing communities and creating jobs locally. Seventy percent (70%) of the CDBG-R funds must be expended for activities that principally benefit persons of low and moderate income.
A total of $7,277,180 in CDBG-R funding has been expended on projects as of March 2013. This figure represents 100% of Kentucky’s $7,277,180 allocation.
All thirteen projects have been successfully closed after accomplishing their goals and meeting a national objective. A total of 185 FTE "project jobs" were supported with CDBG-R and 13 permanent jobs were created. A total of $14,973,167 other funds were leveraged.