October 8, 2010
HUD ANNOUNCES $125,629 IN COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING IN VIENNA CITY, WV
CHARLESTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced Vienna City will receive more than $125,629 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 includes $125,629 in Community Development Block Grant (CDBG) funds.
Since 1974, HUD's Community Development Block Grant (CDBG) Program 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 is the nation's housing agency committed to sustaining homeownership; 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 and enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet and espanol.hud.gov.