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Find similar grantsCommunity Development Block Grant FAQ is sponsored by State of Arkansas. Community Development Block Grant FAQ Category: Community Development.
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Community Development Block Grant FAQ | Contact Business Development Community Development Block Grant FAQ Community Development Block Grant (CDBG) Loan to Industry Program FAQ Who is involved in a CDBG loan? CDBG loans involve Housing & Urban Development (HUD), AEDC as the grantor, a city or county as the grantee, an independent grant administrator, and the company as the borrower and employment provider.
Is a CDBG loan available throughout the State? AEDC is responsible for administering the small communities allocation of the Community Development Block Grant Program of HUD. These funds are only available in rural cities and counties.
Larger cities, including Little Rock, Conway, Fayetteville, Fort Smith, Hot Springs, Jacksonville, Jonesboro, North Little Rock, Pine Bluff, Rogers, Springdale, Texarkana, and West Memphis, receive their own CDBG allocation. How does the State determine how much financing it can provide with a CDBG loan?
Projects that are considered for CDBG loans must commit to creating jobs with at least 51 percent made available to Low-to-Moderate Income (LMI) Persons. Please see that attached link to determine how LMI is computed. Normal underwriting criteria is used to help determine the creditworthiness of the ultimate borrower.
Can a CDBG loan be used to refinance existing debt? AEDC does not refinance existing debt with a CDBG loan. Can I finance used equipment?
Used equipment is eligible to be financed with a CDBG loan. Appraisals and physical depreciation of the equipment may impact the loan amount and the approved amortization of the loan. How is the Low-to-Moderate-Income reporting requirement handled?
The borrower works with the outside grants administrator to ensure timely job creation reports and compliance with the LMI standard is met. What is the standard amortization with a CDBG loan? The loan amortization is largely determined by the value, re-marketability, and type of asset that is being financed.
Typically, real property may receive an amortization that can be as long as 15 years; while personal property, such as equipment, generally receives a much shorter amortization, usually between 5-10 years. Administrative Procedures Manual Community Development Block Grant FAQ Answer 5 questions about our new website.
According to the current listing, eligibility includes: See the Arkansas grants portal for complete eligibility requirements. Confirm the full requirements in the official notice before applying.
Community Development Block Grant FAQ is funded by State of Arkansas. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Arkansas. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
Arkansas's FY2027 Community Assistance Grant Program is accepting applications through August 15, 2026, with $10 million available and awards up to $1.5 million per applicant. Cities, counties, and nonprofits qualify, the 20% match can be met with in-kind labor, materials, or land, and the program targets childhood food insecurity, unemployment, housing, and community revitalization. Here is a full breakdown of eligibility, the match math, competitive positioning, and how to build an application that wins.
Read articleArkansas's FY2027 Community Assistance Grant Program opened July 1 with $10 million total, awards up to $1.5 million, and an August 15 deadline. It funds food insecurity, housing, education, crime-victim, and emergency-services work — but the 20% match and the state-priority framing decide who wins. Here is how to compete.
Read articleThe Arkansas Economic Development Commission's FY2027 Community Assistance Grant Program is open July 1 through August 15, 2026 — $10 million total, up to $1.5 million per award, a 20% match, and eligibility that runs to cities, counties, and nonprofits. Here's how the match actually works, what the priority focus areas signal, and how to build an application that reads as a poverty-and-opportunity intervention rather than a wish list.
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