October 6, 2006
HUD AWARDS $300,000 FOR AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN NEVADA
Grant will help The Fallon Paiute Shoshone Tribe rural housing and development programs
PHOENIX, AZ � Housing and Urban Development Secretary Alphonso Jackson today awarded $300,000 in a grant to the Fallon Paiute Shoshone Tribe in Nevada to stimulate economic development, create jobs and produce more affordable housing. The funding announced today is part of $16.8 million in grants awarded nationwide through HUD's Rural Housing and Economic Development Program.
"Today we make another investment in our nation's heartland," said Jackson. "This funding will help stimulate
critically needed business development and that ultimately means jobs in these rural communities. These grants and the private investment they help to leverage will also produce more affordable housing opportunities for working families across this great country."
Rural Housing and Economic Development grants help pay for land acquisition, new home construction, housing demolition, infrastructure improvements and construction training. Other possible uses include homeownership and financial counseling; financial assistance to homeowners, businesses and developers; creating microenterprises and small business incubators; and establishing lines of credit or revolving loan pools to benefit the local business community.
Rural communities will use this funding as seed money to pay the start-up costs for housing or economic
development projects. These grants will also help organizations to hire and train their staffs, develop strategic plans and acquire office space and other needed facilities.
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, and enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet and espanol.hud.gov. For more information about FHA products, please visit www.fha.gov.
The Fallon Paiute Shoshone Tribe in Fallon will receive a Rural Housing and Economic Development Innovative Support Grant award in the amount of $300,000. This Innovative Grant will aid the Tribe in developing and building
the Fox Peak II Project, which will be a combination convenience store, gas station, smoke shop and fast food
eatery. This project will generate revenue for the Tribe to enhance social services and pursue future economic development projects, as well as create employment opportunities for tribal members. The proposed leveraging for
this project is $300,000.
Contact Person: Gerry Emm
565 Rio Vista Drive, Fallon, Nevada 89406
Telephone number: (775) 423-6075