The mission of CDFA (Community Development Finance Authority) in administering the State of New Hampshire's annual federal allocation of Community Development Block Grant funds is to support the development of viable communities through the improvement of economic opportunities and community revitalization, particularly for persons of low and moderate income. It aims to directly award resources to cities, towns, and counties in New Hampshire to fulfill these objectives.
The NH Community Development Block Grant (CDBG) for Housing and Public Facilities aims to assist municipalities in New Hampshire with projects that improve community viability and economic opportunities. The grants specifically support endeavors in microenterprise development, helping to provide essential training and assistance to owners of small start-ups and businesses with fewer than five employees. The goal is fostering economic development and community revitalization, addressing the needs of low and moderate-income populations directly. This program awards funds to cities, towns, and counties, which may then subcontract to nonprofit agencies or other entities to carry out the intended projects.