HOUSING AND URBAN DEVELOPMENT (HUD) GRANTS TO ASSIST LAREDOANS WITH HOME OWNERSHIP, BETTER LIVING CONDITIONS, AND HOMELESS SHELTER IMPROVEMENTSFederal funds totaling more than $5.1 million announced by Congressman Henry Cuellar
Washington,
October 12, 2007
Tags:
Financial Services
U.S. Housing and Urban Development awarded $12,841.00 to the American Dream Down-Payment Initiative (ADDI); $3,711,664.00 to the Community Development Block Grant (CDBG); $160,079.00 to the Emergency Shelter Grant program; and $1,290,876.00 to the HOME program. The Community Development Block Grants ($3,711.664.00) provide funds to local governments to ensure that residents have decent affordable housing and to provide services to the most vulnerable in our communities. The Emergency Shelter Grant ($160,079.00) program provides annual funds to local and private entities to improve the quality and number of local emergency homeless shelters. The HOME program ($1,290,876.00) helps to expand the supply of decent, affordable housing to low—and very low—income families by providing grants to local governments to fund housing programs that meet local needs and priorities. Congressman Cuellar says this unprecedented award will go a long way in providing families with a roof over their heads. “Owning a home is the American Dream and a goal most people work hard to achieve,” said Congressman Cuellar. “These funds will give families the opportunity to live in a safe and healthy environment.” ### |