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MARYLAND CDBG RURAL INFRASTRUCTURE FUNDING COLLABORATION. COLLABORATE, COORDINATE & CO-MANAGE FUNDERS: CDBG USDA – RURAL DEVELOPMENT MD DEPT OF THE ENVIRONMENT ► Funders meet regularly to collaborate on the funding of projects - PowerPoint PPT Presentation
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MARYLAND CDBGRURAL
INFRASTRUCTUREFUNDING
COLLABORATION
COLLABORATE, COORDINATE & CO-MANAGE
FUNDERS: CDBGUSDA – RURAL DEVELOPMENTMD DEPT OF THE ENVIRONMENT
►Funders meet regularly to collaborate on the funding of projects
►Funders meet jointly with counties and towns to help them determine the best funding scenarios
►Funders meet with grantees to coordinate on compliance requirements and expenditures
EXAMPLE:
Town of Snow HillWastewater Treatment Plant Upgrade
Beneficiaries: 2,054
Total Cost: $13.9 Million
CDBG - $600,000 grant MDE - $2.1 m loanUSDA - $1.3 m grant MDE - $8.8 m grantUSDA - $1 m loan
EXAMPLE:
Mt. Savage Water Extension & Sewer Rehabilitation
Beneficiaries: 1,350
Total Cost: $11 Million
CDBG - $1.4 m grant USDA - $4.3 m loanMDE - $500,000 grant USDA - $4.8 m grant
EXAMPLE:
North Caroline SewerPhase 1
Beneficiaries: 2,829
Total Cost: $11 Million
CDBG - $600,000 grant MDE - $551,250 loanUSDA - $2.8 m grant MDE - $2.1 m grantUSDA - $3.2 m loan