HUD ANNOUNCES OVER $400,000 TO STIMULATE HOUSING IN THE CITY OF JAMESTOWN
HUD to support a variety of local housing and development programs

NEW YORK - The City of Jamestown will receive $421,657 in funding from the Department of Housing and Urban Development to stimulate its economy and produce affordable housing. HUD Secretary Shaun Donovan said the funding represents another investment in improving the living conditions for lower-income residents residing in Jamestown.

"This funding represents HUD's continuing investment in helping our local partners improve their communities," said Donovan. "If we hope to lay the groundwork for sustainable growth and prosperity in the future, it's critical that
we help state and local communities to make the needed improvements and to produce more affordable housing.

The funding announced today includes:

• $421,657 in Home Investment Partnerships (HOME) funding.

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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.