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Adam Glantz (212) 264-1100 |
For Release Tuesday October 6, 2009 |
HUD ANNOUNCES ALMOST $1 MILLION TO STIMULATE ECONOMIC DEVELOPMENT AND HOUSING IN WHITE PLAINS
NEW YORK - The City of White Plains will receive $904,879 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 residents residing in White Plains.
"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:
- $904,879 in Community Development Block Grant (CDBG) funds.
and local governments to target their own community development priorities. CDBG is one of HUD's oldest and most popular programs. 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. CDBG funds are distributed
by formula around the country based on a community's population, income levels, poverty rates and the age of its housing stock.
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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.
![[logo: Fair Housing and Equal Opportunity]](/images/fheo50.gif){kind=small}
