The Dept. of Housing and Urban Development on May 5 announced how it will divide $980 million that the economic-stimulus legislation--the American Recovery and Reinvestment Act--provided for Community Development Block Grants. The CDBG aid will be split among about 1,200 state, city and county governments. Related Links: Notice of HUD Program Requirements CDBGs, established in 1974, can be used for many different purposes. Over the program's history, the most popular uses have been affordable-housing rehabilitation and upgrades to infrastructure such as streets, sewers and community centers. But for the stimulus CDBGs, HUD says in a May 5 technical guidance document
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.