The mission of CDFA (Community Development Finance Authority) in administering the State of New Hampshire's annual federal allocation of Community Development Block Grant funds is to support the development of viable communities through the improvement of economic opportunities and community revitalization, particularly for persons of low and moderate income. It aims to directly award resources to cities, towns, and counties in New Hampshire to fulfill these objectives.
The NH Community Development Block Grant (CDBG): Economic Development Grants aim to support the development of communities within New Hampshire by improving economic opportunities and addressing community revitalization needs. Specifically, the program targets the creation of jobs that offer good wages, benefits, and training programs. Utilizable funds cover a broad range of purposes including the acquisition of land and buildings, the construction of commercial buildings, machinery and equipment purchase, employee training, and public facilities improvements. Within this framework, grants can be directed toward business loans, real estate development, public infrastructure projects, nonprofit grants, and job training initiatives. The program also allows for additional funding for business technical assistance to further support project objectives. Funding for the CDBG program is sourced from the U.S. Department of Housing and Urban Development and awarded directly to New Hampshire’s cities, towns, and counties, which may then sub-grant to nonprofits or other entities performing the work.