HUD Archives: News Releases


KNX-CPD-2-2007
For Release
Wednesday
July 18, 2007

HUD ANNOUNCES MORE THAN $299 THOUSAND FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT IN MORRISTOWN
HUD to support a variety of local housing and development programs

KNOXVILLE � U.S. Housing and Urban Development Secretary Alphonso Jackson today announced that Morristown
will receive almost $299,668 to promote community development and affordable housing programs.

"This funding helps breathe new life into neighborhoods," said Jackson. "By helping communities to improve their infrastructure, or assisting families to purchase their first home, HUD is helping improve neighborhoods from the
ground up."

The funding announced today includes $299,668 in Community Development Block Grant (CDBG) funds.

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.

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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 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.

For more information please contact: Mark J. Brezina, (865) 545-4400 ext. 105

 

 
Content Archived: March 15, 2011