Nebraska Department of Economic Development announced Tuesday afternoon that Albion will be one of seven communities to receive CDBG Phase I grants for downtown revitalization.
The CDBG Downtown Revitalization Category is open to CDBG non-entitlement incorporated municipalities throughout Nebraska. Grants are administered by DED from the state’s annual allocation of CDBG funding from the U.S. Department of Housing and Urban Development. Communities that successfully complete the planning phase have the opportunity to apply for Phase II (implementation) resources, which may include up to $350,000 per community for implementing the CDBG-eligible activities defined in the approved plans.
Albion, population 1,645, will receive $30,000 in CDBG funds to develop a comprehensive downtown revitalization plan, including a blueprint for creating business and infrastructure improvements to help increase revenues and attract new investments. An additional $14,600 in matching resources will be used for the project.
A total of $206,550 was awarded in Phase I grants to the communities. Other towns receiving the Phase I grant approvals were Cambridge (1,020 population), Gretna (4,165 population), Norfolk (22,835 population), Seward (6,050 population), Wausa (520 population) and York (7,450 population).