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CUOMO ANNOUNCES $595.6 MILLION IN HUD AID FOR HOUSING ELDERLY AND DISABLED NATIONWIDE
WASHINGTON -- Housing and Urban Development Secretary Andrew Cuomo announced $595.6 million in HUD assistance to non-profit groups around the nation to create subsidized housing for senior citizens and people with disabilities with very low incomes.
"My Administration is committed to helping those who need it most," President Clinton said. "The men and women who spent decades working hard to build 20th Century America should not be left without a place to live in 21st Century America. By providing shelter to our most vulnerable citizens, we are improving the quality of life and building a better America for everyone."
The HUD grants will go to non-profits in 45 states, the District of Columbia and Puerto Rico under the Section 202 Program for senior citizens and the Section 811 program for people with disabilities. The 202 program is awarding $501.3 million of the money and the 811 program is awarding $94.3 million.
The HUD assistance will create 6,006 apartment units for the elderly and 1,169 rental units for people with disabilities. It will provide rental subsidies for the units for five years.
"America will not turn its back on older Americans and people with disabilities struggling to get by on very low incomes," Cuomo said. "Without HUD assistance, many of these Americans simply could not make it. They would be forced to live in slums, or doubled and tripled up with relatives in overcrowded housing, or sent to nursing homes or other institutions at greater taxpayer expense, or even forced into homelessness in the most extreme cases."
The HUD aid is designed to provide housing for people 62 and older and adults with disabilities who have incomes below 50 percent of the area median. Nationally, 50 percent of median income amounts to less than $8,000 a year.
Residents pay 30 percent of their income in rent, and HUD subsidies pay the remaining funds needed to operate the housing.
HUD provides funds to the non-profits in two forms:
Content Archived: January 20, 2009