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HUD Budget – New “Catalytic Competitive Grants Program
NALGEP
nalgep@spiegelmcd.com
03/04/10
The President's budget proposes $150 million for a new Catalytic Competition Grants program which "uses the authorities of CDBG, but will provide capital to bring innovative economic development projects to scale to make a measurable impact." The competitive grants will fund strategic projects designed to change market conditions in distressed communities. Non-profit consortia, as well as local governments would be eligible.
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