TILTON — The NH Community Development Finance Authority (CDFA) has approved awards to fund five planning grants for community development projects around the state. The feasibility studies, funded by the federal Community Development Block Grant program, will allow local officials to assess the likelihood of success for these job creation and public facilities efforts.
"Planning grants are intended to offset any cost to local taxpayers for conducting feasibility studies for potential Community Development Block Grant projects," said Kevin Flynn, Communications Director for CDFA. "These include activities from market or income surveys to engineering evaluations of failing infrastructure."
The planning grants approved include:
· $12,000 to the Town of Tilton to explore the feasibility of adding ten new manufactured homes at the Gaslight Village Cooperative. The study will also examine recommended improvements to the existing water supply and whether the co-op's wastewater distribution system can be tied into the town's system. The facility's water infrastructure is more than 50-years-old and is leaking.
"All of these planning studies will help the projects determine whether they'd qualify for a future CDBG grant. Municipalities could receive up to $500,000 in federal funds from HUD to implement the work," said Flynn.
Other objectives of CDBG planning study grants are to determine whether at least 51% of the intended beneficiaries will be of low or moderate income. Eligible activities include income surveys, preliminary architectural and engineering design, cost estimates, and market analysis.