State officials announce 80 Community Development Block Grants
Oliver Springs received a $525,000 grant for sewer system improvements, and Rocky Top (formerly Lake City) received a $360,840 grant for water system improvements, Tennessee officials announced last week.
Oliver Springs and Rocky Top were among the Tennessee communities that will receive funding after Tennessee Governor Bill Haslam and Economic and Community Development Commissioner Bill Hagerty approved more than $28 million in Community Development Block Grants (CDBG) to help with infrastructure, health and safety projects, and downtown improvements, a press release said.
The Oliver Springs grant will be matched with $225,000 in local funding (for $750,000 in total funding), and the Rocky Top grant will be matched with $27,160 in local funding for a total of $388,000. [Read more…]