Press Release
CONGRESSMAN HENRY CUELLAR ANNOUNCES $2,409,167 OPPORTUNITY FOR BEXAR COUNTY
Washington,
May 16, 2007
Today, Rep. Henry Cuellar announced that Bexar County has the opportunity to receive up to $2,409,167 from the U.S. Department of Housing and Urban Development (HUD). HUD will award these dollars once Bexar County has developed a plan for their use that is approved by the federal agency. “In recent years, the previous Congress has cut funding for these crucial programs. The new majority will remain committed to maximizing the federal benefits in local communities. We must use our resources to help people truly see progress and expansion at the local level,” said Cuellar. Of the total anticipated amount, $1,785,661 would qualify under a Community Development Block Grant (CDBG). These funds could be used to develop viable urban communities by providing decent housing and expanding economic opportunities, particularly for low-income citizens. There is the possibility for a $613,992 HOME grant, designed to create affordable housing for low-income households. An additional $9,514 is available for an American Dream Downpayment Initiative (ADDI) grant to increase homeownership rates among lower-income and minority households, and to revitalize and stabilize communities. Bexar County now must develop a plan for each of these grants. Once the plan is approved by HUD, the funds will be released to the county. Congressman Cuellar encourages the local entities to promptly take the steps necessary to secure these funds. “Taking advantage of the opportunity to receive federal funding for local problems is a key part of economic growth and development. It is important that Bexar County benefits from all that the federal government can provide. In Washington, I will continue to work with my colleagues to ensure that the community is aware of all of the opportunities available and how to go about acquiring them,” said Cuellar. |