CUOMO ANNOUNCES $1.4 MILLION IN HUD HOUSING AND COMMUNITY DEVELOPMENT FUNDS FOR TULSA & BROKEN ARROW, OKLAHOMA

WASHINGTON - Housing and Urban Development Secretary Andrew Cuomo today announced $1.4 million in HUD grants for housing and community development programs in Tulsa and Broken Arrow, Oklahoma.

"These funds will go toward community-based solutions to the housing and economic development challenges these cities face," Cuomo said. "We are funding a comprehensive strategy to create jobs and affordable housing, and help homeless people become self-sufficient."

Under the 1998 Consolidated Plan, which was approved by HUD, the city of Broken Arrow will receive $481,000 in Community Development Block Grant funds; the city of Tulsa will receive $954,000 under the HOME Investment Partnership Program.

Among the housing and community development efforts to be funded by the cities this year are: developing viable urban communities, including decent housing and suitable living environments; and expanding economic opportunities for persons of low and moderate incomes. The HOME program funds will provide financial assistance for first-time homebuyers, homeowner rehabilitation, and Community Housing Development Organization activities.

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.