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HUD Archives: News Releases
CUOMO ANNOUNCES GRANTS FOR RURAL HOUSING AND ECONOMIC DEVELOPMENT IN 29 STATES AND PUERTO RICO DETAILS OF LOCAL GRANTS AVAILABLE - click here WASHINGTON - Housing and Urban Development Secretary Andrew Cuomo today announced about $25 million in HUD grants to create jobs, spark economic development and build and improve housing in rural communities in 29 states and Puerto Rico. "The grants we're announcing today will give people and places in need the opportunity to build better futures across rural America by becoming participants instead of spectators in our nation's booming economy," Cuomo said. About 700 applicants around the country competed for the 81 grants announced today. The rural grants will go to communities in the following states in these amounts:
The HUD grants will fund housing and economic development programs run by local rural non-profit organizations, Native American tribes, community development corporations, state housing finance agencies, and state community development and economic development agencies. About $17 million in grants will go to innovative local programs. The remainder of the grants will be used as seed money to start new programs and bolster existing programs, as well as to help grant recipients improve their capacity to run housing and economic development programs. Grant recipients were selected based on:
A HUD report issued in April called Now Is The Time: Places Left Behind In The New Economy pointed out the need for programs to strengthen rural housing and economic development. The report said that while most of America's communities have benefited from the strong economy created by Clinton-Gore Administration policies, too many urban, suburban and rural communities still face challenges of high unemployment, population losses and poverty. "The nation's economic challenges are not confined to the cities and suburbs in metropolitan areas," the HUD report said. "Many rural communities … have been mired in poverty and joblessness for decades. Their economic fortunes are like flat lines against the cycles of growth and contraction that have reshaped the nation over decades." The HUD report also said:
Content Archived: January 20, 2009 |
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