CDBG Disaster Recovery (CDBG-DR)
CDBG Disaster Recovery (CDBG-DR) funding is authorized under Title I of the Housing and Community Development Act of 1974, as amended. In addition to any requirements cited in the appropriation acts, the CDBG regulations in 24 CFR 570 apply to CDBG-DR funds. The Missouri Department of Economic Development (DED) is the designated responsible entity for administering the CDBG-DR funds allocated to the state. In response to Presidentially Declared Disasters, Congress may appropriate additional funding for the Community Development Block Grant (CDBG) Program as Disaster Recovery grants to rebuild the affected areas and provide crucial seed money to start the recovery process. Developments with this funding source should refer to MHDC’s Developer’s Guide, as well as DED’s Multifamily Rental Recovery policy for more information regarding the CDBG-DR program, available at https://ded2.mo.gov/programs/cdbg/disaster-recovery.
MHDC Asset Management is responsible for ensuring the ongoing compliance of rental housing that has been financed by MHDC using CDBG-DR Funds. This includes ensuring owners of such housing are complying with the income limits, rent restrictions, physical condition standards, and other compliance issues specified by DED’s Multifamily Rental Recovery policy to meet the housing needs of low and very low income Missouri households.