HUD-PH79 Larry Bush (415) 489-6414 |
For Release Thursday July 9, 2009 |
HUD ANNOUNCES $800,000 FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT IN KAUAI COUNTY
JULY 9 - U.S. Housing and Urban Development Secretary Shaun Donovan today announced that Kauai County,
Hawaii will receive $805,594 to support community
development and produce more affordable housing.
"This funding represents HUD's continuing investment in helping our local partners improve their communities," said Donovan. "If we hope to lay the groundwork
for sustainable growth and prosperity in the future, it's critical that
we help state and local communities to make the needed improvements and to produce more
affordable housing."
Since 1974, HUD's Community Development Block Grant (CDBG) Program has provided approximately $124 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.
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HUD is the nation's housing agency committed to sustaining homeownership; 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 and enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet and espanol.hud.gov.