|HUD No. 15-089
November 6, 2015
HUD ANNOUNCES OVER $385,000 FOR COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING IN TAYLORSVILLE
DENVER - The U.S. Department of Housing and Urban Development today announced Taylorsville, Utah will receive $385,078 to support community development and produce more affordable housing. HUD's annual funding will also help find homes for individuals and families living on the streets.
"Each year, HUD supports the community development and affordable housing needs of hundreds of cities, counties and states across our nation," said Rocky Mountain Regional Administrator Rick Garcia. "These funds will support local plans to strengthen communities and help families and individuals secure quality housing."
Since 1974, HUD's Community Development Block Grant (CDBG) Program (https://www.hudexchange.info/programs/cdbg-entitlement/) has provided approximately $147 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. More information about HUD and its programs is available on the Internet
at www.hud.gov and http://espanol.hud.gov.
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