128 Business View - July 2015
Albany, Georgia
Local/federal partnership helps the city’s citizens and businesses thrive
Albany, Georgia, located in the southwest part of the
state, is the seat of Dougherty County. The City of Alba-
ny has a population of approximately 77,500 people,
with African-Americans making up about 72 percent of
the total. Albany is an “Entitlement Community,” and,
as such, receives two major funding sources from the
Federal Government – Community Development Block
Grant (CDBG) funds, and HOME Investment Partner-
ships monies. Both programs are administered by the
U.S. Department of Housing and Urban Development
(HUD).
The Community Development Block Grant (CDBG) En-
titlement Program provides annual grants on a formula
basis to entitled cities and counties to develop viable
urban communities by providing decent housing and
a suitable living environment and by expanding eco-
nomic opportunities, principally for low- and moderate-
income persons. The HOME Investment Partnerships
Program (HOME) provides formula grants to states and
localities that communities use - often in partnership
with local nonprofit groups - to fund a wide range of ac-
tivities including building, buying, and/or rehabilitating
affordable housing for rent or homeownership, or pro-
viding direct rental assistance to low-income people.
