"We certainly want to make sure we put the money into the right projects," King said. "The more input we get from the public, the better off we are."
King believes the city will receive fewer HUD dollars in the years to come.
Negotiations in Washington, D.C., on the so-called "fiscal cliff" could effect this funding.
"Entitlements like this are part of what's causing the issues with the fiscal cliff and the arguments between the political parties," he said.
Most of the funds are used for the city's Community Development Block Grant program, which funds projects such as infrastructure development and anti-poverty efforts.
About 15 percent of the block grant funds goes to non-profit social agencies that help the needy, he said.
Of the $2 million in HUD funds allocated to Charleston this year, about $1.3 million went into the block grant program, King said.
The first of the two meetings will be held at the North Charleston Community Center at 6 p.m. Thursday. The second will be held at the City Service Center on Virginia Street East near its intersection with McFarland Street at 1:30 p.m. Jan. 10.
The action plan for the allocations is to be submitted to HUD on or before May 13.
The plan will go to Charleston City Council for approval in early May before it is submitted to the federal agency, King said.