CDBG Economic Development Loan Project
ADECA's CDBG Economic Development Loan Project funds Alabama initiatives that use research-based approaches to create jobs, improve infrastructure, and meet key community development objectives.
Funder: Alabama Department of Economic and Community Affairs
Due Dates: Rolling (Applications accepted and reviewed continuously)
Funding Amounts: Loan funding; award size and terms determined case-by-case—contact ADECA for details.
Summary: Provides loan funding to support local economic development initiatives in Alabama through the CDBG program.
Key Information: Applicants must contact ADECA directly to obtain application materials and confirm eligibility.
Description
The CDBG Economic Development Loan Project is a loan-based funding opportunity under the Alabama Department of Economic and Community Affairs (ADECA) Community Development Block Grant (CDBG) Program. This initiative is designed to support economic development projects in Alabama that advance local economic growth and meet CDBG national objectives, such as benefiting low- and moderate-income persons, preventing or eliminating slums or blight, or addressing urgent community needs. Application materials and specific requirements are not publicly posted; instead, interested applicants must contact ADECA directly to obtain the necessary forms and guidance.
