What is Fulton CDA?
The Fulton Community Development Agency provides economic development loans and small business technical assistance, rental assistance, housing rehab, HUD’s Small Cities Programs, infrastructure improvements, housing and affordable homeownership opportunities, and oversees fair housing issues.
The Fulton Community Development Agency administers federal and state grants for the City of Fulton and specifically the programs of the U.S. Department of Housing and Urban Development. The City of Fulton Urban Renewal Agency was established as a municipal corporation by an act of the NYS legislature in 1966, wherein the City of Fulton charged the Fulton Urban Renewal Agency with the responsibility of administering the Canalview Urban Renewal Project.
In the early 1970’s as the federal government’s focus shifted to the Community Development Block Grant Small Cities Program, the agency’s name was changed to City of Fulton Community Development Agency. The Community Development Agency is not funded through the City of Fulton budget; the agency utilizes administrative monies extracted from various competitive grant programs. The City of Fulton contracted with the Fulton Community Development Agency to seek and administer grant programs of the U.S. Department of Housing and Urban Development.
The CDA will continue to compete for new funding as additional sources develop. The Community Development Agency’s goals include maintaining the City’s tax base and improving the quality of life for low and moderate-income Fulton residents through neighborhood improvements and affordable homeownership as well as the retention and creation of jobs through low-interest economic development loans encouraging business expansions. Increased job opportunities and additional sales and property tax revenues contribute to a healthier economic climate, allowing Fulton to grow and prosper.