Salem Accepting Applications for HOME & CDBG Funds

The City of Salem announced the beginning of its application period for 2012 HOME and CDBG funding. Though the final figures will not be available until after the passage of the FY12 HUD appropriations bill, the city estimates it will see a 20% reduction from the funding available in 2011, which would result in approximately $1,740,000 available from the two programs. Both HOME and CDBG funds can be used for the rehabilitation of existing affordable multifamily rental housing.

The application period closes on December 30. The City of Salem will offer two workshops on the application process: November 17 and 28. Click here for more information.

— Posted on 11/15/2011