"Serious and immediate threat" means that the condition proposed to be corrected with CDBG funds will be a detriment to the health and welfare of the community if not corrected, that no other funds are available, and that the condition became critical within the most recent 18 months.
N.H. Admin. Code § Cdfa 302.54
(See Revision Note at chapter heading for Cdfa 300) #8387, eff 6-29-05