Community Development Block Grant (CDBG) Program
Town of Yarmouth Offers CDBG Grant Program to Help Small Businesses
The Town of Yarmouth is offering a new round of funding to assist small businesses impacted by COVID-19. The program offers short-term working capital to cover expenses such as commercial rent and mortgage, payroll, and qualifying debt service when a business does not have the resources to cover these costs.
Grants are capped at $5,000 per qualified business. The Community Development Block Grant (CDBG) is funded by U.S. Department of Housing and Urban Development (US HUD).
To qualify businesses must:
- be located in Yarmouth
- have ten or fewer employees, including the business owner
- demonstrate that the CDBG Funds are necessary and sufficient, when combined with othersources, to sustain the business and/or retain jobs held by low/moderate-income workers
- have a business owner and/or employees which meet income requirements
- complete and sign the application and submit with all requested documentation
- execute a grant agreement
- track and report on business performance in 3 and 6 months out from receipt of assistance
Other requirements may apply.
For more information on additional state and federal business assistance programs currently being offered, please visit: http://www.yarmouth.ma.us/1866/COVID19-Business-Assistance-Programs
NEW! The Town's CDBG Annual Action Plan for the Program Year 2021 is now available for public Comment. The draft Action Plan will be available for a 30-day comment period starting on March 25, 2021. Click here to see draft Annual Action Plan Send comments to Town of Yarmouth, CDBG Program, Dept. of Community Development, 1146 Route 28, South Yarmouth, MA 02664 or to firstname.lastname@example.org
Take the CDBG Action Plan Survey to help the Town of Yamouth prioritize actions to support and improve our local economy, affordable housing, public services, public facilities and infrastructure. This survey is intended for Yarmouth residents, and Yarmouth business owners and their employees. The survey should take about 5 minutes to complete. For more information contact us at 508-398-2231 x1275 or by email. For priority consideration, please complete this survey by March 24, 2021. Click here to take the survey.
The CDBG Program will hold a Public Hearing on March 11, 2021 at 4 PM to obtain the comments and views of the public on the Town's CDBG Annual Action Plan for the Program Year 2021. The draft Action Plan will be available for a 30-day comment period starting on March 25, 2021. Click here to see the Legal Notice about the Public Hearing and the Document Availability
On February 17, 2021 the Town CDBG Program will issue a Request for Proposal to create affordable housing through acquisition with CDBG Funds. Click here to see the Legal Notice about the RFP
The Town CDBG Program intends to amend the CDBG PY2020 and the CDBG-CV PY2019 Annual Action Plans to increase the budget to acquire affordable housing and reduce the budget of some economic development activities in order to meet CDGB timeliness goals. Public comment on these amendments will be accepted through March 19, 2021. Click here to see the Legal Notice about amending the PY2020 and PY2019 Plans.
SUMMARY of PROGRAMS:
Contact Information: Please contact the Department of Community Development at (508) 398-2231 ext. 1275 (TTD# 508-398-2231) with questions or inquiries about the CDBG Program.