Community Development Block Grant Revolving Loan Fund Closeout Program
CSFA Number: 420-75-1638
Agency Name
Department Of Commerce And Economic Opportunity (420)
Agency Identification
Agency Contact
Wendy Bell
Short Description
The program provides federal funding for a variety of community-based projects for Communities that have returned their locally-held, CDBG funded Revolving Loans to the State.
Subject Area
Government Services
Program Function
Community Development
Enabling Legislation
Housing and Community Development (HCD) Act of 1974; 20 ILCS 605/605-915; 20 ILCS 605/605-945; 20 ILCS 605/605-950
Objectives and Goals
Strengthened community economic development through the creation of jobs, stimulation of private investment and strengthening the tax base; improvement of public infrastructure and elimination of conditions which are detrimental to health, safety and public welfare; and conservation and expansion of the State's housing stock in order to provide a decent home and a suitable living environment.
Types of Assistance
Project Grants
Uses and Restrictions
Funds shall be used by the State in accordance with HUD requirements and the approved Consolidated/Action Plan.
Eligibility Requirements
Only units of local government that have returned their locally-held Revolving Loan Funds to the State are eligible to apply.
Eligible Applicants
Government Organizations;
Application and Award Processing
Eligible communities may apply for up to two grants equaling the amount of their RLF Closeout Credit.
Assistance Consideration
Application submissions are evaluated based on the criteria contained in the annual Guidebook available on the Department's website.
Post Assistance Requirements
Quarterly reports are submitted to track fiscal spending and project completion. Monitoring visits are conducted as needed based on an established risk analysis.
Regulations, Guidelines, Literature
Community Development Block Grants are covered by 2 CFR.570.
Federal Funding
Notice of Funding Opportunities
Agency IDGrantee NameStart DateEnd DateAmount
18-248331City of Marion06/01/201805/31/20201,652,165
18-248421City of Mt. Vernon12/01/201811/30/20201,603,812
18-248531City of Red Bud11/01/201910/30/20211,345,228
18-248441City of Neoga11/01/201910/31/20211,280,207
18-248372City of Morris04/01/201903/31/20211,139,200