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The City of Crestview will invest up to $96,835 through its Community Development Block Grant (CDBG) program, funded by the US Department of Housing and Urban Development
(HUD). Under this program, funding will be used to provide one-time business grants of up to $5,000.00.
The purpose of this program is to avoid job loss caused by business closures related to social distancing by providing short-term working capital assistance to small businesses to enable retention of jobs held by low- and moderate-income persons. Business owners and/or affected employees must meet HUD LMI income eligibility. Eligibility will be determined through an application process and must meet project guidelines.
The following requirements, selection criteria and procedures will be adhered to during the grant selection and disbursement process:
This grant program is funded by HUD via the Community Development Block Grant Coronavirus Response (CDBG-CV) funds. The Coronavirus Aid, Relief, and Economic Security Act (Public Law 116-136) (CARES Act) authorized this funding for grants to prevent, prepare for, and respond to coronavirus. This grant program has been designed following guidance issued by HUD in its “Notice of Program Rules, Waivers, and Alternative Requirements Under the CARES Act for Community Development Block Grant Program Coronavirus Response Grants, Fiscal Year 2019 and 2020 Community Development Block Grants, and for Other Formula Programs.” [Docket No. FR-6218-N-01]
To be eligible for funding through the City of Crestview Small Business Recovery Grant Program, applicants must;
CDBG 2020-2021 Income Qualification Categories
Persons Per Household
Maximum Adjusted Gross Income
INELIGIBLE BUSINESS TYPES
DUPLICATION OF BENEFITS
Businesses may not receive CDBG-CV funding that duplicates any part of their disaster loss covered by insurance or another source, such as the Small Business Administration (SBA) or the Federal Emergency Management Agency (FEMA). Applicants for CDBG-CV grant funds under the City of Crestview Small Business Assistance Grant Program must disclose any funds applied for or received from these sources or other federal assistance programs. It is in the city’s sole discretion to determine if funds received from any of these sources constitutes a duplication of benefits. Grants under this program will be provided in an amount not to exceed the level of need. If a duplication of benefits determination is made after CDBG-CV funds have been disbursed, the amount of funds that were determined to be duplicative must be repaid to the City of Crestview.
To be eligible for funding through the City of Crestview Small Business Recovery Grant Program, applicants must certify:
Full time equivlents
**Or any combination of part time positions for 40 hours weekly for at least 3 months.
Documentation is required.
Examples include mortgage/rent payment, utilities payments, or other expenses related to the businesses response to COVID-19. Additional information/documentation may be requested during the review process.
Required to receive federal funding. See http://fedgov.dnb.com/webform/index.jsp to apply
Business owner's signature
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