HUD
04-09SoCal Larry Bush (415) 436-6532 |
For
Release Thursday July 22, 2004 |
BUSH ADMINISTRATION ANNOUNCES $58 MILLION TO STIMULATE ECONOMIC DEVELOPMENT AND HOUSING IN SOUTHERN CALIFORNIA
HUD grants targeted to 20 cities and counties to assist lower income
persons and families in need
SAN FRANCISCO - Twenty Southern California communities will
receive more than $58 million in federal funding to stimulate its
local economy, produce affordable housing and help the homeless
individuals and families, Housing and Urban Development Secretary
Alphonso Jackson today announced. The funding will also help house
and serve individuals with HIV/AIDS and will provide downpayment
assistance to lower income families (see attached chart).
"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."
Grants are provided from five program areas.
For the past 30 years, HUD's Community Development Block Grant (CDBG) Program has awarded over $100 billion to state and local governments to target their own community development priorities. CDBG is one of HUD's oldest and most popular programs. The rehabilitation of affordable housing has traditionally been the largest single use of the grants although CDBG is also an important catalyst for job growth and business opportunities. CDBG funds are distributed by formula around the country based on a community's population, income levels, poverty rates and the age of its housing stock.
HOME (HOME Investment Partnerships Program) is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. Since 1992, more than 600 communities have committed to produce nearly 785,000 affordable housing units, including almost 300,000 for new homebuyers purchasing their first home. In addition, over 100,000 tenants have received direct rental assistance.
The American Dream Downpayment Initiative (ADDI) aims to
increase the homeownership rate, especially among lower income and
minority households, and to revitalize and stabilize communities.
ADDI will help first-time
homebuyers with the biggest hurdle to
homeownership: downpayment and closing costs. The program was created
to assist low-income first-time homebuyers in purchasing single-family
homes by providing funds for downpayment, closing costs, and rehabilitation
carried out in conjunction with the assisted home purchase.
Emergency Shelter Grants (ESG) help local communities to
meet the basic shelter needs of homeless individuals and families.
These grants also provide transitional housing and a variety of
support services designed to move the homeless away from a life
on the street toward permanent housing. This block grant program,
in concert with more than $1 billion HUD awards by competition,
helps thousands of local homeless assistance programs to help those
who would otherwise call the streets their home.
HUD's Housing Opportunities for Persons with AIDS (HOPWA)
grants are distributed based on the number of AIDS cases reported
to the Centers for Disease Control and Prevention. The grants provide
rental assistance and support services to individuals with HIV/AIDS
and their families. In addition, the HOPWA program also helps many
communities develop strategic AIDS housing plans and fill in gaps
in local systems of care. A stable home
environment is a critical
component for low-income persons managing complex drug therapies
and potential side effects from their treatments.
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 and espanol.hud.gov.
###
ALHAMBRA | CDBG |
$1,689,867
|
HOME |
$894,481
|
|
Total
|
$2,584,348
|
|
BALDWIN PARK | CDBG |
$1,797,671
|
HOME |
$559,552
|
|
Total
|
$2.357,223
|
|
CARLSBAD | CDBG |
$601,000
|
ENCINITAS | CDBG |
$491,000
|
FULLERTON | CDBG |
$1,831,000
|
HOME |
$835,317
|
|
Total
|
$2,666,317
|
|
GARDENA | CDBG |
$1,126,565
|
HOME |
$512,422
|
|
Total
|
$1,638,987
|
|
HESPERIA | CDBG |
$851,000
|
IRVINE | CDBG |
$1,521,000
|
HOME |
$674,872
|
|
Total
|
$2,195,872
|
|
LA HABRA | CDBG |
$984,000
|
NATIONAL CITY | CDBG |
$1,324,000
|
HOME |
$667,853
|
|
Total
|
$1,991,853
|
|
NEWPORT BEACH | CDBG |
$437,000
|
ONTARIO | ADDI |
$79,208
|
CDBG |
$2,927,000
|
|
ESG |
$108,933
|
|
HOME |
$1,062,949
|
|
Total
|
$4,178,090
|
|
PARADISE | CDBG |
$272,000
|
PASADENA | ADDI |
$55,962
|
CDBG |
$2,715,191
|
|
ESG |
$103,081
|
|
HOME |
$1,349,744
|
|
Total
|
$4,223,978
|
|
RIVERSIDE COUNTY | ADDI |
$332,221
|
CDBG |
$12,028,000
|
|
ESG |
$442,355
|
|
HOME |
$3,919,150
|
|
Total
|
$16,721,726
|
|
SAN DIEGO COUNTY | ADDI |
$473,182
|
CDBG |
$5,712,000
|
|
ESG |
$214,502
|
|
HOME |
$4,478,424
|
|
Total
|
$10,878,108
|
|
SAN MARCOS CITY | CDBG |
$811,000
|
SANTA CLARITA | CDBG |
$1,371,317
|
VISTA | CDBG |
$1,443,000
|
WHITTIER | CDBG |
$1,157,821
|
HOME |
$531,474
|
|
Total
|
$1,689,295
|