| HUD Region V No.1.2010-11-8
 Laura J. Feldman (312) 913-8332  | 
For 
Release Monday November 8, 2010  | 
HUD ANNOUNCES $12 MILLION IN COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING IN ILLINOIS
CHICAGO - U.S. Housing and Urban Development Secretary Shaun Donovan today   announced Illinois will receive
 
  more than $12 million to support community   development and produce more affordable housing. 
"This funding provides the building blocks needed to improve communities,"   said Donovan. "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:
CICERO CDBG  $1,576,751DES PLAINES CDBG  $361,100MADISON COUNTY CDBG  $3,435,241HOME  $1,168,080TOTAL  $4,603,321ST CLAIR COUNTY CDBG  $2,368,251HOME  $1,043,485TOTAL  $3,411,736WILL COUNTY CDBG  $1,596,373HOME  $505,680TOTAL  $2,102,053 Grand Total $12,054,961
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.
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 completed nearly 950,000 affordable housing units, including   403,000 for new homebuyers. In addition,
 
                        224,000 tenants have received direct   rental assistance. For more info, go to the HOME website (http://www.hud.gov/offices/cpd/affordablehousing/programs/home/)
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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.



