Sanford is one of 30 cities across the state to have received neighborhood revitalization community development block grants from the North Carolina Department of Commerce’s Rural Economic Development Division, Governor Roy Cooper announced Monday.
The funds will provide housing and public improvements for low and moderate income North Carolinians. Sanford received $950,000 in funding in the first round of the grant cycle and more than $4.9 million in the second round.
“North Carolina has made significant investments in our communities to help them provide affordable housing,” said Governor Roy Cooper. “Building stronger and more resilient communities is important to our economic success and these neighborhood revitalization grants will support them in doing just that.”
The CDBG-NR program offers non-entitlement municipalities and counties the opportunity to tailor community development projects to address the specific and most critical needs of their communities.
“These additional federal resources will help our most vulnerable communities as building and living costs have increased,” said North Carolina Commerce Secretary Machelle Baker Sanders. “This is a banner year for economic development and this infusion of funding will greatly benefit more North Carolina families and local economies by providing more housing options, jobs, and economic opportunities.”
Visit the North Carolina Department of Commerce’s Rural Economic Development Division webpage for more information.