A portion of the City of Wauwatosa's Federal Community Development Block Grant (CDBG) funding can be used for grants and loans to facilitate blight elimination or the generation of new employment within the community. CDBG funds can be used by both property owners and business owners leasing space for building improvements. Although CDBG is a great program for many businesses, there are several important requirements of the CDBG program that should be considered before determining if CDBG is appropriate for your project.
- All contractors employed on a CDBG funded project must be paid Federal Davis-Bacon Wages. These wages are often higher than what would normally be paid to contractors. Please contact WEDC for a current list of Davis-Bacon wage rates.
- New employment positions generated within the building or tenant space must be filled by or made available to Low-to-Moderate Individuals (LMI). An LMI individual is defined as a person with a household income that falls at or below a predetermined threshold.
- Grants are provided on a reimbursement basis after the work has been completed and jobs generated. Use of these funds can be coordinated with the Wauwatosa Revolving Loan Fund (WRLF) to cover a potential financing gap.
A significant amount of reporting and paperwork is required for this program. Please review the application and eligibility documents for additional information.
CDBG - ED Eligibility Guidelines
CDBG - ED Application CDBG - ED Application Guidelines
For more information, please contact the Economic Development Department at (414) 479-3531.