October 4, 2010
HUD ANNOUNCES OVER $300,000 IN COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING IN HOOVER, ALABAMA
BIRMINGHAM - U.S. Housing and Urban Development Southeast Regional Administrator Ed Jennings, Jr. today announced that Hoover, Alabama will receive $310,646 to support community development and produce more affordable housing.
"This funding provides the building blocks needed to improve communities," said Ed Jennings, Jr. "Now, more than
ever, these grants promote neighborhood development, produce affordable housing, and help extremely low-income persons find their place in their communities."
The funding announced today includes:
$310,646 in Community Development Block Grant (CDBG) funds
Since 1974, HUD's Community Development Block Grant (CDBG) Program has provided approximately $132 billion to 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 CDBG although the
program is also an important catalyst for job growth and business opportunities. Annual CDBG funds are distributed
to communities according to a statutory formula based on a community's population, poverty, and age of its housing stock, and extent of overcrowded housing.
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.