Posted on Wednesday, Apr. 7, 2021 at 1:47 pm
It’s National Community Development Week! The objective of National Community Development Week is to educate Congressional Members and the community on the importance of the Community Development Block Grant (CDBG) Program and the HOME Investment Partnerships (HOME) Program, their impact on the community, and the need for increased program funding.
Madison is a proud partner in the CDBG and HOME programs available through the U.S. Department of Housing and Urban Development. As their name implies, CDBG and HOME funds are block grants provided by the federal government to the city to complete various community building and development projects. Madison receives about $3.4 million annually and has utilized these funds successfully for decades to leverage private dollars and complete significant improvements. The budget of the CDBG/HOME program comprises only 3/10ths of 1% of the entire federal budget, but the impact it has on Madison is immeasurable.
The City of Madison invests these federal funds into the community through various community partnerships. Click here for a glimpse of some of the projects achieved through that collaboration; they include business incubator improvements, assistance to low and moderate income homeowners, the renovation of the IronWorks building for the Goodman Community Center and many other community improvements.