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December 20 2022

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Round two of CDBG-NR funding included 12 projects totaling $26.6 million with a maximum award of $5 million.  Among these is Granite Falls, the first recipient of the Rural Community Development Fund. The Town of granite Falls in Caldwell County NC has been awarded $4,999,000.

The CDBG program is a U.S. Department of Housing and Urban Development (HUD) program administered in part by N.C. Commerce Rural Economic Development Division. CDBG funds are awarded to enhance the vitality of communities by providing adequate housing, suitable living environments, infrastructure development, and expanding economic opportunities. The State must ensure that at least 70 percent of its CDBG grant funds are used for activities and projects that serve households of low- and moderate-income.

Visit the N.C. Commerce’s Rural Economic Development Division webpage for more information.