Covid-19 Funding through Community Development Block Grant

WATERLOO COMMUNITY DEVELOPMENT

Notice of Funding Availability 

In response to the Coronavirus Pandemic (COVID-19) the U.S. Department of Housing and Urban Development Community Development Block Grant (CDBG) has notified the City of Waterloo that it will receive an allocation of $737,227.00 to be used to prevent, prepare for, and respond to the Coronavirus (COVID-19). This allocation was authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Public Law 116-136, which was signed by President Trump on March 27, 2020, to respond to the growing effects of this historic public health crisis.

$589,782 will be available for eligible activities meeting the national objective to prevent and respond to the coronavirus disease 2019 (COVID-19).

At this time, applications will be taken from Non-Profit Public Service Agencies providing assistance to prepare for, prevent or respond to Coronavirus (COVID-19). In addition, applications will be accepted for Small and Microenterprise Businesses seeking direct financial assistance due to the impacts of COVID-19.

 Please see the national objective criteria listed below:

NON PROFIT PUBLIC SERVICE AGENCIES

(Must meet one of the following criteria)

  • Low/Moderate Income Area Benefit-The public service is available to all the residents in a particular primarily residential area, and at least 51% of those residents are Low/Moderate income persons.
  • Low/Moderate Income Limited Clientele- The public service is limited to a specific group of people, at least 51% of whom are Low/Moderate income persons.
  • Urgent Need- The public service is designed to alleviate existing conditions that pose a serious and immediate threat to the health and welfare of the community, they are of recent origin or recently became urgent, and the agency is unable to find other available funds to support the activity. 

SMALL/MICROENTERPRISE BUSINESS ASSISTANCE

(Must meet one of the following criteria) 

  • Low/Moderate Income Jobs Benefit-To qualify for funding under the LMI jobs category, the assisted business must retain jobs, 51% of more of which will benefit L/M income persons. Or the owner is a microenterprise (5 employees or less) and is a qualified L/M income household.
  • Low/Moderate Income Area Benefit - To qualify for funding under the LMA category, the assistance is to a business which provides goods or services to residents of a L/M income residential area.

For an application and full eligibility requirements, please visit the City of Waterloo Community Development website at:

www.cityofwaterlooiowa.com/commdev

Application Deadline:July 10, 2020 By 4:00pm