2011 NATIONAL COMMUNITY DEVELOPMENT WEEK

Last Updated: April 22, 2011

Community Development Week is April 25 - 30, 2011

CDBG

National Community Development Week is designed to focus local as well as national attention on the numerous outstanding accomplishments over the past 37 years of the Community Development Block Grant (CDBG) program and over the past 20 years of the HOME Investment Partnerships (HOME) Program.

Summary of 2010 Accomplishments


St. Vrain Manor (Senior Housing) Elevator Installation		Habitat for Humanity Home Land Acquisition Assistance

CD Week Highlights:

The public is invited to join the following events:

Monday - April 25

10:00 - 10:45 am - Celebration at Sun Rose Cafe - small business loan closing event. Sun Rose is the recipient of our last Stimulus Funds. They are purchasing new equipment that will allow them to expand their menu choices and allow them to get into catering.

10:45 - 11:00 - Walk over to Simply Bulk to call attention to this retail store also provided with start up capital last year (CDBG Stimulus Funding). They are current on their loan payments and seem to be doing well. They have hired a part-time sales clerk already.

Friday - April 29

10:00 - 10:45 am - Ribbon Cutting for the Elevator at St. Vrain Manor - CDBG funds used to refurbish/repair the original 40 year old elevator. Also did the Thermostat control projects, replaced all toilets with ADA compliant ones and replaced the smoke/fire detection/warning system with ADA (hearing and visual notification) compliant one.

CDBG AND HOME ACCOMPLISHMENTS FOR THE CITY OF LONGMONT, COLORADO
FOR THE PAST FIVE YEARS

CDBG

• For every one dollar of CDBG funding another $10.98 in private and public funding was leveraged and spent in Longmont. These leveraged funds totaled $32.4 million over the 5 years.

• 25,732 persons or households were assisted through the CDBG program in the past five years.

• CDBG funds in the amount of $85,655 were spent on economic development activities such as direct financial assistance to businesses, commercial and industrial improvements, technical assistance to businesses, etc. However, over 85% of our CDBG funds provided employment through construction projects.

Employment: CDBG created or retained 2 jobs in the past five years and assisted 9 businesses using the funds mentioned above. In addition, 164 local businesses received work and employed 423 workers on the 52 individual projects that were funded with CDBG. 2 FTE city staff are also employed by CDBG funding.

• CDBG funds in the amount of $468,042 were spent on public improvements, such as the development and improvement of public and non-profit facilities, child care facilities, the domestic violence shelter, and comprehensive neighborhood revitalization including the improvement of parks and concentrated code enforcement programs in 5 different neighborhoods.

• CDBG funds in the amount of $405,401 were spent on public services, such as senior and youth computer projects; foreclosure prevention counseling; homeless prevention and assistance; rent assistance for families and rent deposits for persons with disabilities; housing and credit counseling both pre-purchase and post purchase; and matched savings to families saving to purchase a home, further their education or start-up or expand a business, among others.

• CDBG funds in the amount of $1,475,547 were provided for housing activities, such as construction, rehabilitation, homebuyer assistance, lead-based paint testing and abatement, among others. 242 units of housing were constructed, acquired, made affordable or rehabilitated during this time.

HOME

• Approximately 500 persons were assisted through the HOME program in the past four years.

• For every one dollar of HOME funding another $22.69 in private and public funding was leveraged.

• HOME funds in the amount of $1,118,107 were provided for housing activities, such as homebuyer assistance, rental assistance, and the production of affordable rental units.

• A total of 195 units of affordable housing were created
• 50 households received assistance in purchasing their first home
• 145 rental units were constructed and/or rehabilitated