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HUD Archives: News Releases
HUD Awards $1 Million Loan Commitment to Vacaville
WASHINGTON - The U.S. Department of Housing and Urban Development has approved $1 million in loan guarantee assistance to help build a new social service center in Vacaville, California, Housing and Urban Development Secretary Mel Martinez announced today.
"The Bush Administration is continues to invest in building a better future for businesses and families in America," Martinez said. "Projects like this are win-win, because the new construction will bring jobs, and the completed social service center will bring better service to Vacaville area residents."
The City of Vacaville will use the $1 million in Section 108 loan guarantees in conjunction with a previously announced grant of $250,000 from HUD to acquire land and prepare a site for a social service center in the Brown Street area.
The new center will consolidate resident services, which are now located throughout
the city. The new facility will provide a variety of services, including the
administration of a local homeless shelter. The $250,000 Economic Development
Initiative (EDI) grant funds will be used to assist with acquisition and to
abate Brownfield-like conditions on the site. The City expects the completed
facility to be more cost effective, efficient and more convenient than that
of the existing services located at dispersed sites.
HUD is the nation's housing agency committed to increasing minority homeownership, 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 development and community revitalization across the nation. More information about HUD and its programs is available on the Internet at www.hud.gov.
Content Archived: April 9, 2010