HUD No. 07-OR-10
(206) 220-5101 or (877) 741-3281
July 18, 2007
WASHINGTON COUNTY RECEIVES $4.4 MILLION FOR AFFORDABLE
HOUSING AND COMMUNITY DEVELOPMENT
HUD to support a variety of local housing and development programs
PORTLAND, OR - U.S. Housing and Urban Development Secretary Alphonso Jackson today announced Washington County will receive $4,492,943 to promote a variety of community development and affordable housing programs.
HUD funding will also provide downpayment assistance to first-time homebuyers and assist individuals and families
who might otherwise be living on the streets.
The funding announced today includes:
- $2,724,337 in Community Development Block Grant (CDBG) funds;
- $1,639,790 in HOME Investment Partnerships (HOME) funding;
- $ 40,130 in American Dream Downpayment assistance; and,
- $ 88,686 in Emergency Shelter Grant (ESG).
Since 1974, HUD's Community Development Block Grant (CDBG) Program has received approximately $120 billion for 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 the grants, although
CDBG is also an important catalyst for job growth and business opportunities. In 2006, communities reported that CDBG provided housing assistance to 179,385 households, assisted in the creation or retention of more than 55,000 jobs. CDBG funds are distributed to grantees according to a statutory formula based on a community's population, poverty, and age of its housing stock, and extent of overcrowded housing.
HOME (HOME Investment Partnerships Program) is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. Since 1992, more than 600 communities have completed more than 780,000 affordable housing units, including over 329,000 for new homebuyers. In addition, over 164,000 tenants have received direct rental assistance.
The American Dream Downpayment Initiative (ADDI) helps first-time homebuyers with the biggest hurdles to homeownership: downpayment and closing costs. The program was created to assist low-income first-time homebuyers in purchasing single-family homes by providing funds for downpayment, closing costs, and rehabilitation carried out in conjunction with the assisted home purchase. Since the program's inception, ADDI has assisted nearly 24,000 households to purchase their first home.
Emergency Shelter Grants (ESG) help local communities to meet the basic shelter needs of homeless individuals and families. These grants also provide transitional housing and a variety of support services designed to move the homeless away from a life on the street toward permanent housing. This block grant program, along with more than
$1 billion HUD grants awarded by competition, helps thousands of local homeless assistance programs to help those who would otherwise call the streets their home.
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 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.