LMDC activities and programs are funded through a Community Development Block Grant from United States Department of Housing and Urban Development (HUD).

Based on broad outreach and planning activities, LMDC studies and develops initiatives for the redevelopment of Lower Manhattan. In order to obtain HUD funds for an initiative, LMDC prepares a Partial Action Plan outlining the proposed expenditures. Draft plans are released to the public for two weeks of comment. Public comments are compiled, considered and documented in the plan submitted to HUD.

Partial Action Plans
Consistent with the spirit of the guidelines relating to such grants, LMDC develops documents called partial action plans that detail the proposed expenditure of these federal funds for particular activities. LMDC selects activities based on needs as articulated by the public including residents, businesses and workers, elected officials and government agencies, and community based organizations.

Final Action Plan For Lower Manhattan Disaster Recovery and Rebuilding Efforts
The activities contained in this Final Action Plan have been designed to meet the particularly urgent community development needs resulting from the September 11th WTC disaster. This Final Action Plan details the proposed expenditure of the remaining funds within the $2 billion grant, totaling $184,950,849 as well as potential additional remaining funds of as much as $9,500,000.

Community Enhancement Funds
The Lower Manhattan Development Corporation is now accepting applications for Community Enhancement Funds. Applications may be submitted by non-profit organizations engaged in programs or projects that benefit the residents, workers, and communities of Lower Manhattan.

Cultural Enhancement Funds
In March 2006, the Lower Manhattan Development Corporation award $27.4 million in cultural enhancement grants to 63 Lower Manhattan arts organizations and projects.

HUD Quarterly Reports
To comply with quarterly Congressional reporting requirements, HUD and the Disaster Recovery Grant Reporting System are collecting information regarding the use of Community Development Block Grant (CDBG) funds awarded under the HUD Disaster Recovery Initiative and for other program management purposes. LMDC will post this information on this website as it is updated.