|HUD No. 10-118F
June 11, 2010
HUD ANNOUNCES $458,148 IN COMMUNITY DEVELOPMENT AND
AFFORDABLE HOUSING IN MARSHALL
FORT WORTH - U.S. Housing and Urban Development Secretary Shaun Donovan today announced the City of
Marshall, Texas, will receive more than $450,000 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."
The funding announced today originates from HUD's Community Development Block Grant (CDBG) Program. Since 1974, CDBG 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.
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet and espanol.hud.gov.