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CUOMO ANNOUNCES $8.9 MILLION IN HUD HOUSING AND COMMUNITY DEVELOPMENT FUNDS FOR OKLAHOMA CITY, OKLAHOMA
WASHINGTON - Housing and Urban Development Secretary Andrew Cuomo today announced $8.9 million in HUD grants for housing and community development programs in Oklahoma City, Oklahoma.
"These funds will go toward community-based solutions to the housing and economic development challenges Oklahoma City faces," Cuomo said. "We are funding a comprehensive strategy to create jobs and affordable housing, and help homeless people become self-sufficient."
Under Oklahoma City's 1998 Consolidated Plan, which was approved by HUD, the city will receive $6.2 million in Community Development Block Grant funds; $2.4 million under the HOME Investment Partnership Program; and $248,000 for Emergency Shelter Grants.
Among the housing and community development efforts to be funded by the city this year are: housing rehabilitation, demolition, transportation for low-income persons, public service projects, and infrastructure improvements. The HOME program funds will provide financial assistance for first-time homebuyers, homeowner rehabilitation, and other housing assistance. The Emergency Shelter Grant funding will provide services and support for homeless persons.
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.
Content Archived: January 20, 2009