HUD announces grant funding for Affordable Housing and Community Development in St. George
RealEstateRama   -   Real Estate   -   Government   -   Nonprofit   -   Web

HUD announces grant funding for Affordable Housing and Community Development in St. George

-

HUD to support a variety of local development programs

SALT LAKE CITY, September 19, 2007 – U.S. Housing and Urban Development Secretary Alphonso Jackson today announced St. George, Utah will receive $485,432 in Community Development Block Grant (CDBG) funding to promote a variety of community development programs.

“This funding helps breathe new life into neighborhoods,” said Jackson. “By helping communities to improve their infrastructure, HUD is helping improve neighborhoods from the ground up.”

Since 1974, HUD’s Community Development Block Grant (CDBG) Program has received approximately $120 billion for state and local governments to target their own community development priorities. The rehabilitation of affordable housing and the improvement of public facilities have traditionally been the largest uses of the grants, although CDBG is also an important catalyst for job growth and business opportunities.

In 2006, communities reported that CDBG provided housing assistance to 179,385 households, assisted in the creation or retention of more than 55,000 jobs. CDBG funds are distributed to grantees according to a statutory formula based on a community’s population, poverty, and age of its housing stock, and extent of overcrowded housing.

HUD is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development as well as enforces the nation’s fair housing laws. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov. 

SHARE

Utah RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Utah Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Utah.

Contact:

Previous articleA New Master Planned Community in Southern Utah Called Elim Valley Breaks Ground
Next articleFHA Modernization Act of 2007 and the Subprime Mortgage Meltdown