July 16, 2002
BUSH ADMINISTRATION ANNOUNCES $864,000 FOR ALLIANCE, OHIO IN COMMUNITY DEVELOPMENT FUNDS
CLEVELAND - The City of Alliance, Ohio will receive $864,000 in federal assistance to stimulate the local economy and promote affordable housing, U.S. Housing and Urban Development Secretary Mel Martinez announced today.
"These grants do so much good for so many people," Martinez
said. "This money helps communities do the critical work of
stimulating business development and job growth, providing affordable
housing and helping our most
The funding announced today provides Alliance with $864,000 in Community Development Block Grant funds.
First awarded in 1974, Community Development Block Grant (CDBG) funds enable state and local governments to target their own economic development priorities. Although the rehabilitation of affordable housing has traditionally been the largest single use of the grants, the program is also an increasingly important catalyst for economic development activities that expand job and business opportunities for lower income families and neighborhoods.
HUD's block grant programs are distributed by formula around the country based on criteria including population, income levels, poverty rates and age of housing stock.
HUD is the nation's housing agency committed to increasing homeownership,
particularly among minorities, creating affordable housing opportunities
for low-income Americans, 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.