HUD Archives: News Releases


HUD Reg. VI: 08-11
Patricia Campbell
(817) 978-5974
For Release
Thursday
March 27, 2008

HUD ANNOUNCES $29.4 MILLION FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT IN NEW MEXICO
New Mexico State Program, Albuquerque Receive Grants

ALBUQUERQUE - U.S. Housing and Urban Development Secretary Alphonso Jackson today announced the New
Mexico State Program and Albuquerque will receive a total of $29,424,491 to support community development and produce more affordable housing. HUD's annual funding will also provide downpayment assistance to first-time homebuyers; assist individuals and families who might otherwise be living on the streets; and offer real housing solutions for individuals with HIV/AIDS.

"This funding will help New Mexico to rebuild its neighborhoods and affordable housing stock," said Jackson.  "By helping communities to improve their infrastructure or assisting families to purchase their first home, HUD is helping improve neighborhoods from the ground up."

The funding announced today includes:

  • Community Development Block Grant (CDBG) funds;
  • HOME Investment Partnerships (HOME) funding;
  • American Dream Downpayment assistance;
  • Emergency Shelter Grant (ESG); and,
  • Housing Opportunities for Persons with AIDS (HOPWA).

Since 1974, HUD's Community Development Block Grant (CDBG) Program has provided more than $120 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 more than 834,000 affordable housing units, including 352,000 for new homebuyers. In addition, 186,000 tenants have received direct rental assistance.

The American Dream Downpayment Initiative (ADDI) helps first-time homebuyers with the biggest hurdles 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.  Since the program's inception, ADDI
has assisted nearly 29,000 families to purchase their first home. 

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, along with more
than $14 million HUD awarded New Orleans and Jefferson Parish by competition, helps thousands of local homeless assistance programs to help those who would otherwise be living on the streets.

HUD's Housing Opportunities for Persons with AIDS (HOPWA) grants are distributed to states and cities based on the number of AIDS cases reported to the Centers for Disease Control and Prevention. The grants provide resources for operating community residences and providing 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.

Funding is as follows:
NM
ALBUQUERQUE
ADDI
$20,294
CDBG
$4,351,525
ESG
$193,862
HOME
$2,240,145
TOTAL
$6,805,826
NEW MEXICO STATE PROGRAM
ADDI
$35,813
CDBG
$14,014,805
ESG

$721,695

HOME
$7,314,352
HOPWA
$532,000
TOTAL
$22,618,665

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Content Archived: March 23, 2011