(817) 978-5974 ext. 5965
July 15, 2004
BUSH ADMINISTRATION AWARDS $2.3 MILLION TO BOOST ECONOMIC DEVELOPMENT AND HOUSING IN RURAL TEXAS
San Juan, San Antonio, McAllen, El Paso, Carrizo Springs and Beaumont Receive Grants
FORT WORTH - Housing and Urban Development Secretary Alphonso
Jackson today announced nearly $2.3 million in grants to help rural
communities in Texas to stimulate their economies, produce more
affordable housing and boost
job growth. The funding is provided through HUD's Rural Housing and Economic Development Program.
"This investment in rural America demonstrates that this Administration's commitment to our nation's heartland is strong," said Jackson. "These grants will help rural communities across Texas produce affordable housing and jobs where they're needed most."
The funding announced today will benefit:
Azteca Community Loan Fund in San Juan will use its $400,000
Economic Development Innovative Support Grant to assist thirty extremely
low-income Colonia families in Hidalgo County to improve their housing
and economic conditions. Azteca Community Loan Fund is a Certified
Development Financial Institution that serves Colonia
residents along the Texas/Mexico border. Partners and supporters include the Federal Home Loan Bank of Dallas, Consumer Credit Counseling Service of South Texas, First National Bank, University of Texas-Pan American and other supporters.
Proyecto Azteca in San Juan will use its $400,000 Rural Housing and Economic Development Innovative Support Grant to construct twenty-seven new affordable homes with Colonia families along the Texas-Mexico border. Supporters include the Hidalgo County Urban County Program.
in San Antonio will use its $150,000 Rural Housing and Economic
Development Capacity Building Grant to
add a staff position and train staff members in order to expand their microlending program in the Colonias. ACCION Texas is a nonprofit microenterprise development program dedicated to increasing incomes and creating jobs in low-income communities by providing microentrepreneurs with access to credit and business support services not
available from the commercial banking sector.
Community Development Corporation of South Texas, Inc. will
use its $400,000 Rural Housing and
Economic Development Innovative Support Grant to capitalize the Affordable Housing Mortgage Fund and finance twenty mortgages of affordable housing to first-time homebuyers. CDCST will provide low-income working families
with construction services and long-term flexible financing. Partners include: Hidalgo County Urban County Program, Housing Assistance council, McAllen Affordable Homes, the Rio Grande valley Multibank and other partners.
El Paso Empowerment Zone Corporation will use its $400,000 Housing
and Economic Development Innovative Support Grant to construct 12
new housing units, which will result in 28 new jobs. Alianza de
a grassroots community development organization that has worked with the El Paso Colonias, and the Affordable Housing Credit Union Sponsoring Organization, a HUD approved housing counseling agency, will be partners in the project.
The Neighborhood Housing Services of Dimmit County, Inc. in Carrizo Springs will use its $400,000 Rural Housing and Economic Development Innovative Support Grant to support several innovative housing and economic development initiatives in the Middle Rio Grande region of South Texas. Partners include the Center for Economic Development at the University of Texas at San Antonio; Johnson & Johnson Attorneys at Law; USDA and SBA.
The Statewide Consolidated Community Development Corporation in Beaumont will use its $149,717 Rural Housing and Economic Development Capacity Building Grant to hire one new staff person and construct at least 18 single family homes for rental. Statewide CCDC is a private non-profit, tax-exempt, charitable organization that helps individuals and families who are low and moderate income achieve the American Dream of home ownership. Rural Housing and Economic Development grants help pay for land acquisition, new home construction, housing demolition, infrastructure improvements and construction training. Other possible uses include homeownership and financial counseling; financial assistance to homeowners, businesses and developers; creating microenterprises and small business incubators; and, establishing lines of credit or revolving loan pools to benefit the local business community.
non-profit organizations, federally recognized Native American tribes,
community development corporations
and state agencies will administer these grants. The funding will help 105 rural communities to build and improve affordable housing, create jobs and generate community and economic development.
communities will use this funding as seed money to pay the start-up
costs for housing or economic
development projects. These grants will also help organizations to hire and train their staffs, develop strategic plans and acquire office space and other needed facilities.
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.