“Empowering Local Growth Through Maui Community Development Block Grant 2025: Unlocking Opportunities for a Stronger Future”

Maui Community Development Block Grant 2025

Table of Contents

• Quick Facts
• Maui Community Development Block Grant 2025: Empowering Local Growth and Development
• What is the Maui Community Development Block Grant 2025?
• Eligibility Criteria
• Types of Projects Eligible for Funding
• Notable Projects in Maui County
• How to Apply for the Maui Community Development Block Grant 2025
• Importance of Community Development in Maui
• Frequently Asked Questions
• Resources & Links
• For Buyers & Sellers

Quick Facts

• The Maui Community Development Block Grant 2025 is a federally funded program that provides financial assistance to support community development projects in Maui.
• The program is administered by the County of Maui and is expected to receive approximately $1.5 million in funding for the 2025 program year.
• Eligible projects include those that benefit low- to moderate-income individuals, address community needs, and promote economic development.
• The CDBG 2025 program will prioritize projects that focus on affordable housing, community facilities, and economic development.
• Applications for the CDBG 2025 program will be accepted from January 1, 2025, to March 1, 2025.
• Eligible applicants include non-profit organizations, community groups, and government agencies.
• Project proposals must demonstrate a clear benefit to the community, be feasible to implement, and have a well-defined budget.
• A minimum of 70% of the CDBG 2025 funds must be used for projects that benefit low- to moderate-income individuals.
• The County of Maui will conduct a public hearing to solicit input on the proposed CDBG 2025 projects and funding allocation.
• Final project selections and funding awards are expected to be announced by May 1, 2025.

Maui Community Development Block Grant 2025: Empowering Local Growth and Development

As a licensed real estate company in Hawaii, HawaiiEliteRealEstate.com understands the significance of community development in sustaining the unique culture and charm of Maui. In this article, we will delve into the Maui Community Development Block Grant 2025, a vital initiative by the Maui County government to drive economic growth, improve infrastructure, and enhance the quality of life for Maian residents.

What is the Maui Community Development Block Grant 2025?

The Maui Community Development Block Grant 2025 is a comprehensive program aimed at promoting equitable growth and development in Maui County. The grant allocates federal funds to support local projects, focusing on low-to-moderate-income communities. The program’s primary objectives include:

• Fostering economic development
• Improving basic community facilities and services
• Providing decent housing

Eligibility Criteria

To qualify for the Maui Community Development Block Grant 2025, applicants must meet specific criteria, including:

Types of Projects Eligible for Funding

A diverse range of projects are eligible for funding under the Maui Community Development Block Grant 2025, including:

• Infrastructure development (e.g., roads, water and sewer systems)
• Housing rehabilitation and construction
• Economic development initiatives (e.g., small business loans, job training programs)
• Community facilities (e.g., parks, community centers, healthcare facilities)

Notable Projects in Maui County

Some notable projects in Maui County that have received funding through the Maui Community Development Block Grant program include:

• Housing Rehabilitation Program: A program aimed at rehabilitating substandard housing units, improving living conditions for low-income households.
• Maui Economic Development Plan: A comprehensive plan to stimulate economic growth, create jobs, and increase business opportunities.

How to Apply for the Maui Community Development Block Grant 2025

Applicants can submit their proposals to the Maui County government through a competitive process. The application period typically runs from January to March, and applicants are encouraged to review the program guidelines carefully before submitting their proposals.

Importance of Community Development in Maui

Community development is crucial in sustaining Maui’s unique culture, natural beauty, and economic growth. By investing in local projects, residents can benefit from improved infrastructure, decent housing, and economic opportunities, ultimately enhancing their quality of life.

Frequently Asked Questions:

Maui Community Development Block Grant 2025 FAQ

• Q: What is the Maui Community Development Block Grant?
  A: The Maui Community Development Block Grant is a federally funded program that provides financial assistance to communities for community development projects.
• Q: What is the purpose of the grant?
  A: The purpose of the grant is to support community development projects that benefit low and moderate income residents and neighborhoods.
• Q: What types of projects are eligible for funding?
  A: Eligible projects include public facilities and infrastructure improvements, housing rehabilitation and acquisition, economic development, and public services.
• Q: Who is eligible to apply for the grant?
  A: Eligible applicants include nonprofit organizations, community groups, and local government agencies.
• Q: What is the application process?
  A: The application process typically includes a pre-application meeting, submission of a full application, and review by the grant committee.
• Q: What are the funding priorities for the grant?
  A: Funding priorities include projects that benefit low and moderate income residents and neighborhoods, projects that address community needs and priorities, and projects that leverage other funding sources.
• Q: How much funding is available?
  A: The amount of funding available varies from year to year and is determined by the federal government.
• Q: What is the timeline for the grant?
  A: The grant cycle typically begins in January and applications are due in March or April, awards are made in May or June, and projects must be completed within a year.
• Q: How are applications evaluated?
  A: Applications are evaluated based on factors such as community need and benefit, project feasibility and impact, and the applicants’ ability to carry out the project.
• Q: Can I get help with the application process?
  A: Yes, technical assistance is available to help applicants with the application process.

Resources & Links

1. Hawaii Community Development Block Grant (CDBG)
2. State of Hawaii – CDBG
3. FEMA – CDBG-DR
4. Hawaii Association of Community-Based Economic Development (HACBED)
5. U.S. Department of Agriculture (USDA) CDBG

For Buyers & Sellers

Personal Summary: The Impact of Maui Community Development Block Grant 2025 on Home Buyers and Sellers

As a licensed real estate professional, I have been following the Maui Community Development Block Grant 2025 closely, and I am excited to share my insights on how this program will impact home buyers and sellers in Maui. The Maui Community Development Block (CDBG) program is a federal grant that aims to improve the quality of life for low-to-moderate income individuals and families in Maui’s Housing Market. Here’s how I believe it will affect home buyers and sellers:

Home Buyers:

• The CDBG 2025 will have a positive impact on home buyers in Maui, particularly those in the low-to-moderate income groups. The program will:
• Provide Down Payment Assistance: The grant will offer financial assistance to eligible homebuyers, reducing the financial burden of purchasing a home. This will make homeownership more accessible to first-time homebuyers and those who struggle to save for a down payment.
• Increase Affordability: By providing subsidies to developers, the program will encourage the construction of affordable housing units, reducing the cost of homeownership for buyers.
• Improve Housing Quality: The grant will fund infrastructure improvements, such as road maintenance and utility upgrades, making neighborhoods more desirable and increasing property values.

Home Sellers:

• The CDBG 2025 will also benefit home sellers in Maui, particularly those who are motivated to help low-to-moderate-income buyers. The program will:
• Increase Demand: The down payment assistance and affordable housing options will attract more buyers to the market, increasing demand for homes and potentially driving up property values.
• Encourage Renovations: By providing incentives to developers and homeowners to renovate and upgrade properties, the program will create opportunities for sellers to refurbish their homes, increasing their value and appeal to potential buyers.
• Strengthen Community: By supporting affordable housing initiatives, the CDBG 2025 will contribute to a stronger, more diverse community, which can boost property values and attract more buyers to the area.