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October 9, 2003
HUD DELIVERS ALMOST $2 MILLION IN COMMUNITY DEVELOPMENT AND HOUSING FUNDS FOR TOWN OF UNION
HUD grants invest in people and places in need
YORK - The Town of Union will receive $1,701,000 in federal assistance through
the Department of Housing
and Urban Development to stimulate local economies, create jobs and produce affordable housing. In making today's announcement, HUD's Regional Director Marisel Morales said the funding signals HUD's commitment to helping local communities design their own plan to help lower income families.
"The funding we announce today is an investment in Union's future - promoting economic development, job growth, and increasing the supply of affordable housing," said Morales. "These resources are evidence of HUD's continuing commitment to provide communities with the resources they need to meet the particular needs of their residents."
The funding announced today includes:
- $1,701,000 in Community Development Block Grant (CDBG) funds.
Development Block Grant (CDBG) Program enables state and local governments to
own economic development priorities. The rehabilitation of affordable housing has traditionally been the largest
single use of the grants although CDBG is also an important catalyst for job growth and business opportunities for lower income families and neighborhoods.
HUD's block grant programs are distributed by formula around the country based on criteria including population, income levels, poverty rates and age of housing stock.
HUD is the nation's housing agency
committed to increasing homeownership, particularly among minorities, creating
affordable housing opportunities for low-income Americans, 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.