Marietta Redevelopment Corporation

REDEVELOPMENT PROJECTS
Shovel Ready Sites!
Marietta Walk
Meeting Park
Manget at Historic Marietta
 
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COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAMS

    COMMUNITY DEVELOPMENT FINANCE  
           
 

The Community Development Block Grant (CDBG) program is a flexible program that provides communities with resources to address a wide range of unique community development needs. Beginning in 1974, the CDBG program is one of the longest continuously run programs at HUD. The CDBG program provides annual grants on a formula basis to 1180 general units of local government and States.

PROGRAM AREAS

Eligibility:
The CDBG entitlement program allocates annual grants to larger cities and urban counties to develop viable communities by providing decent housing, a suitable living environment, and opportunities to expand economic opportunities, principally for low- and moderate-income persons.  While the benefits of such activities can be derived by other citizens, either directly or indirectly, the focus of the program is principally for persons of low and moderate income. Any eligible activity may be financed in whole or in part with Community Development funds only if it accomplishes one of the following Community Development Block Grant National Objectives.

  1. Benefits low and moderate income families;
  2. Aids in the prevention or elimination of slums or blight;
  3. Meets an urgent need.

Neighborhood Stabilization:
HUD provides grants to communities hardest hit by foreclosures and delinquencies to purchase, rehabilitate or redevelop homes and stabilize neighborhoods.

MARIETTA CDBG PROGRAM
The MRC works closely with The City of Marietta's Division of Housing and Community Development to coordinate revitalization efforts.  The City of Marietta’s of Housing and Community Development receives over $500,000 on an annual basis from the U.S. Department of Housing and Urban Development (HUD) in Joint Cooperation with Cobb County's CDBG program to assist low and moderate income residents.

 The City has focused these funds in recent years on homeownership and housing rehabilitation as part of a greater neighborhood revitalization process. Additionally, the City has used the remaining funds to partner with many community non-profits to provide needed capital improvements that increase services to our lower income citizens. Past areas of assistance include recreation, health, education, employment, and housing victims of domestic violence and the homeless. An objective of these funds has been toward promoting the self-sufficiency of the low and moderate income persons receiving the services.

While funds for community private non-profits are extremely limited and must be matched by any non-profit seeking funding, any organization with a proven track record of at least five (5) years of service and 501C-3 tax status with at least three (3) years of existing audits is encouraged to contact the Division between January and March of each year to explore funding possibilities.

CONTACT US
Community Development Block Grants Information
Mitch Bland, Community Development Manager: 770-794-5437


   

Mechanisms
The Marietta Redevelopment Corporation seeks to facilitate redevelopment through partnerships and community development finance strategies. The MRC redevelopment strategy relies on access to revolving acquisitions funds, Community Development Block grants, tax exempt bond financing and tax credits.

Commercial Development

»New Market Tax Credits

Residential Development

»Housing Tax Credits

Industrial Development

»Industrial Development Bonds

Downtown Development

»Downtown Marietta Development Authority

Infrastructure Development

»Tax Increment Financing
»Build America Bonds

In the News

The Marietta Redevelopment Corporation and other City of Marietta agencies have successfully facilitated the financing of infrastructure and community development activities through a variety of funding sources including tax increment financing, industrial revenue bonds, general obligation bonds and low income housing tax credits.

»Redevelopment Corporation staff graduate state economic development academy - 11/19/2009


»City Hall searching for economic stimulus funding - 5/1/2009


»Council, Mayor appoint members to two boards - 4/16/2009


»Marietta making plans for $785,500 stimulus funds - 4/1/2009


»State awards Housing Authority $8.3 million in credits to renovate Dorsey Manor - 10/13/2008


»Cobb County: Rebuilding Cobb - January 2008
Suburban outposts move to reclaim the city center

 
         
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