The City of Salem is now accepting applications for the 2021 CDBG and HOME funding cycle. This year we have elected to combine both CDBG & HOME funds into one request for all projects. Staff will determine the funding source based upon the nature of your request and availability of resources.
2020-2024 Funding Priorities are:
Priority #1: Homelessness
Priority #2: Affordable Housing
Priority #3: Revitalization of neighborhoods/community development
Priority #4: Economic Development
The Community Development Block Grant (CDBG) and HOME Investment Partnerships Programs are funded by the U.S. Department of Housing and Urban Development (HUD) and are authorized by Title I of the Housing and Community Development Act of 1974, as amended. Funds are for the 2021 Program Year, beginning July 1, 2021, but may not be available until October/November, 2021.
The purpose of the CDBG Program is to benefit low to moderate income households by funding projects that revitalize neighborhoods, increase affordable housing, expand economic opportunities, and/or improve community facilities and services.
The HOME Investment Partnerships program funds a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or provide direct rental assistance to low-income people. The program's flexibility allows use of HOME funds for grants, direct loans, loan guarantees or other forms of credit enhancement. Additionally, these resources can be used for rental assistance or security deposits.