CUOMO ANNOUNCES $4 MILLION IN HUD HOUSING AND COMMUNITY DEVELOPMENT FUNDS FOR MONTGOMERY, ALABAMA

WASHINGTON - Housing and Urban Development Secretary Andrew Cuomo today announced $4 million in HUD grants for housing and community development programs in Montgomery, AL.

"These funds will go toward community-based solutions to the housing and economic development challenges Montgomery faces," Cuomo said. "We are funding a comprehensive strategy to create jobs and affordable housing, help homeless people become self-sufficient, provide housing assistance to people with AIDS, and increase homeownership."

Under Montgomery's 1998 Consolidated Plan, which was approved by HUD, Montgomery will receive $2.8 million in Community Development Block Grant (CDBG) funds; $1 million under the HOME Investment Partnership program; and $113,000 in Emergency Shelter Grant (ESG) funds for homeless programs.

Among the housing and community development efforts to be funded by the City this year are: homeowner rehabilitation of emergency shelters and homebuyer assistance.

The Consolidated Planning process, developed by Cuomo when he served as HUD Assistant Secretary for Community Planning and Development, ensures that local residents have strong input into the creation of comprehensive, community-based housing and economic development plans. The streamlined process gives communities maximum local flexibility, while reducing burdensome regulatory requirements. Local HUD staff are empowered to work closely with communities to customize Consolidated Plans and help them realize their housing and economic development goals.