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B-22-CB-NY-0001

Project Grant

Overview

Grant Description
Purpose: Through funding of national intermediaries, the Section 4 Capacity Building for Community Development and Affordable Housing Program (Section 4) enhances the capacity and ability of Community Development Corporations (CDCs) and Community Housing Development Organizations (CHDOs) to carry out affordable housing and community development activities.

Details of funding can be found on the website. https://www.hud.gov/program_offices/comm_planning/section-4.

Activities to be performed:

1. Training, education, support, and advice to enhance the technical and administrative capabilities of CDCs and CHDOs. This may include building the capacity of CDCs and CHDOs to:

A. Participate in consolidated planning, fair housing planning and continuum of care homeless assistance efforts that help ensure community-wide participation in assessing area needs;

B. Navigate the increased housing and community development resources provided by the federal government and assist in directing federal investments to underserved communities;

C. Consult broadly within the community;

D. Cooperatively plan for the use of available resources in a comprehensive and holistic manner; and

E. Assist in evaluating performance under these community planning and coordination efforts and in linking plans with neighboring communities to foster regional planning.

2. Pass-through grants, loans, predevelopment assistance, or other financial assistance to CDCs and CHDOs to increase their capacity to carry out community development and affordable housing activities that benefit low-income or low- and moderate-income families and persons.

3. Such other activities as may be determined by the grantees in consultation with the Secretary or his or her designee.

Expected outcomes: The expected outcomes of the Section 4 program eligible beneficiaries must demonstrate improved skills, technical capabilities, and ability to undertake community development and affordable housing activities that will be identified and measured.

Intended beneficiaries: Eligible beneficiaries are limited to the CDCs and CHDOs.

Subrecipient activities: The subrecipient activities are unknown at the time of award.
Funding Goals
NOT APPLICABLE
Place of Performance
New York, New York 10005-1444 United States
Geographic Scope
Single Zip Code
Related Opportunity
NOT APPLICABLE
Local Initiatives Support Corporation was awarded Capacity Building Affordable Housing Community Development Project Grant B-22-CB-NY-0001 worth $14,000,000 from Community Planning and Development in August 2024 with work to be completed primarily in New York New York United States. The grant has a duration of 4 years and was awarded through assistance program 14.252 Section 4 Capacity Building for Community Development and Affordable Housing.

Status
(Ongoing)

Last Modified 9/5/24

Period of Performance
8/9/24
Start Date
8/9/28
End Date
26.0% Complete

Funding Split
$14.0M
Federal Obligation
$0.0
Non-Federal Obligation
$14.0M
Total Obligated
100.0% Federal Funding
0.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to B-22-CB-NY-0001

Subgrant Awards

Disclosed subgrants for B-22-CB-NY-0001

Additional Detail

Award ID FAIN
B-22-CB-NY-0001
SAI Number
None
Award ID URI
None
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
865420 CPD : COMMUNITY PLANNING DEVELOPMT
Funding Office
865420 CPD : COMMUNITY PLANNING DEVELOPMT
Awardee UEI
KGB4CAJYGJN5
Awardee CAGE
3R7L6
Performance District
NY-10
Senators
Kirsten Gillibrand
Charles Schumer
Modified: 9/5/24