CUOMO ANNOUNCES $4 MILLION IN HUD HOUSING AND COMMUNITY DEVELOPMENT FUNDS FOR LEXINGTON-FAYETTE URBAN COUNTY, KENTUCKY

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

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

Under Lexington-Fayette Urban County's 1998 Consolidated Plan, which was approved by HUD, Lexington-Fayette Urban County will receive $2.6 million in Community Development Block Grant funds; $1.3 million under the HOME Investment Partnership program; and $105,000 in Emergency Shelter Grant funds for homeless programs.

Among the housing and community development efforts to be funded by the County this year are: homeless assistance; public improvements; parks and recreation; rental housing assistance; housing rehabilitation; and assistance for first-time homebuyers.

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.