(336) 547-4002 ext. 2058
July 21, 2004
BUSH ADMINISTRATION ANNOUNCES OVER $69,000 TO STIMULATE ECONOMIC DEVELOPMENT AND HOUSING IN SURRY COUNTY
HUD grants targeted to lower income persons and families in need
GREENSBORO - Surry County Consortium will receive over $69,000 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.
"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."
The funding announced today includes:
- $69,582 in American Dream Downpayment assistance
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. Information about this program is available at www.hud.gov/offices/cpd/affordablehousing/programs/home/addi/index.cfm
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.