(312) 353-6236 ext. 2666
August 7, 2002
HUD ANNOUNCES $289,850 IN HOUSING ASSISTANCE TO MIDDLETOWN
Funding Helps 62 New Families Find Affordable Housing
CINCINNATI - The Department of Housing and Urban Development awarded $289,850 for 62 new rental-assistance vouchers to Middletown to help low-income families rent apartments or buy homes.
Middletown is one of twelve housing agencies in Ohio to receive
the new Housing Choice Vouchers (HCV), approved
in HUD's 2002 budget. The city's HCV program currently assists more than 1,100 families.
"These new vouchers will help more Middletown families find affordable
housing," said HUD Assistant Secretary
Middletown vouchers are part of the $95 million in vouchers HUD
awarded to 48 states and Puerto Rico. The
vouchers will allow 16,460 low-income families to lease or purchase homes or apartment units. All totaled, the twelve housing agencies in Ohio received $3,506,237 for 744 new vouchers today.
HUD's Housing Choice Vouchers Program is the federal government's
major initiative that helps low-income families, including the elderly
and disabled, afford housing. The HCV Program currently assists
1.8 million families with rent payments. Over the past three years,
about 300 families have used their vouchers to become homeowners.
Families receiving HUD rental assistance vouchers generally pay
30 percent of their income for rent, with HUD subsidies
picking up the remainder.
The vouchers distributed today are called "fair share vouchers"
because they are distributed to communities that compete based on
the housing needs of low-income families in each state. Only PHAs
that demonstrated an ability
to use 97 percent of their 2001 vouchers were eligible to compete for the new vouchers.
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 and espanol.hud.gov.