Friday, February 25, 2011

Town of Bayfield awarded $50,000

The Town of Bayfield was awarded a $50,000 CDBG planning grant to pass through to the La Plata Homes Fund,a CDFI formed by the La Plata County Regional Housing Alliance (a multijurisdictional housing authority. Of the $50,000 award, $15,000 will be used for accounting staff salaries and benefits and the cost of a CPA while revising accounting systems for the CDFI and RHA, $25,000 for counsultant fees, $7,500 for legal and audit expenses, and $2,500 for the Town of Bayfield for administration costs in submitting and managing the grant. Consultants will implement a land development strategy to include a housing development loan fund and support program. The strategy will also involve information sharing to promote projects and involve develoment entities, including local non-profit agencies, under equitable smart growth policies.