HUD Archives: News Releases


HUD Reg. VI: 10-77
Patricia Campbell
(817) 681-9741
For Release
Wednesday
November 10, 2010

HUD ANNOUNCES $309,000 FOR COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING IN MOORE CITY

OKLAHOMA CITY - U.S. Housing and Urban Development Secretary Shaun Donovan today announced that Moore
City will receive a $309,004 Community Development Block Grant to support community development and produce more affordable housing.

"This funding provides the building blocks needed to improve communities," said Donovan. "Now, more than ever,
these grants promote neighborhood development, produce affordable housing, and help extremely low-income
persons find their place in their communities."

Since 1974, HUD's Community Development Block Grant (CDBG) Program has provided approximately $132 billion to state and local governments to target their own community development priorities. The rehabilitation of affordable housing and the improvement of public facilities have traditionally been the largest uses of CDBG although the
program is also an important catalyst for job growth and business opportunities. Annual CDBG funds are distributed
to communities according to a statutory formula based on a community’s population, poverty, and age of its housing stock, and extent of overcrowded housing.

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Content Archived: March 21, 2012