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Partial Action Plans — Funding Projects Using Community Development Block Grants

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The Lower Manhattan Development Corporation gives money to projects, including those run by outside organizations, based on its board’s valuation of their merit. This funding comes from block grants given by the U.S. Department of Housing and Urban Development. The LMDC describes in “Partial Action Plans” how it will disburse the funds, requesting public comment on each. The most recent plan is No. 9, which proposes $51.44 million of spending, as laid out in this fact sheet. The plan was submitted to HUD on January 4, 2005. On April 12, the LMDC released a Draft Funding Allocation Plan to set priorities that will guide the distribution of its remaining $735 million of Community Development Block Grant (CDBG) funds. The LMDC is accepting comments on Amended Partial Action Plan No. 8 through June 15.