(336) 547-4002 ext. 2058
July 1, 2004
BUSH ADMINISTRATION ANNOUNCES $397,000 TO STIMULATE ECONOMIC DEVELOPMENT AND
HOUSING IN SALISBURY
HUD grants targeted to lower income persons and families
GREENSBORO - HUD Secretary Alphonso Jackson announced that
the City of Salisbury will receive $397,000 in HUD funding to stimulate its local
economy, produce affordable housing and help the homeless individuals and families.
"This Administration is committed to promoting economic development and job growth, increasing the supply of affordable housing, and helping our most vulnerable neighbors," said Jackson. "These funds will serve as a catalyst for low-income families trying to cross the threshold into homeownership and reinforces our commitment to rebuilding entire communities."
The funding for Salisbury announced includes:
- $397,000 in Community Development Block Grant (CDBG) funds
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 and espanol.hud.gov.