| HUD No. 00-260 | |
| Further Information: | For Release |
| In the Washington, DC area: 202/708-0685 | Monday |
| Or contact your local HUD office | September 25, 2000 |
CUOMO AWARDS $27.5 MILLION IN HOUSING ASSISTANCE FOR LOW-INCOME ELDERLY
RESEDA, Calif. - Housing and Urban Development Secretary Andrew Cuomo announced today four grants totaling $27.5 million to provide 270 affordable housing units and rental assistance for the elderly in Reseda, Sylmar, Moreno Valley and Bakersfield.
The funds are part of HUD's Section 202 program that provides housing assistance for the elderly. Cuomo made the announcement on the second day of a three-day tour of 20 cities in Southern California.
"The money we announce today is one way we can give back to those who gave us so much to us," Cuomo said. "Our elderly should never have to worry about being able to afford a safe and decent place to live."
The four grants were awarded to the following non-profit organizations:
WASET, Inc. (Reseda) was awarded $5,084,900 in capital advance financing and rental assistance for the development and operation of supportive housing for the elderly. The proposed three-story project will consist of 49 one-bedroom units and one two-bedroom unit. The units will be grouped in sections of four to allow for the most efficient delivery of services and to encourage social interaction. The sponsor will provide a coordinated support services for the residents.
TELACU (Sylmar) was awarded $7,118,500 in capital advance financing for the development of a three-story building and to provide rental assistance and other supportive services under HUD's Section 202. The proposed project will include 69 one-bedroom units and one two-bedroom unit. The design will establish a quiet and protected home environment for the elderly with abundant landscaping opportunities.
Cooperative Services Inc. (Moreno Valley) has been awarded $7,118,500 to develop a three-story, 70-unit project to provide affordable housing for the elderly. The community room will have direct views and access to the outside capitalizing on the development's amenities. Residents will have opportunities for gardening and interacting with the surrounding neighborhood.
Retirement Housing Foundation and Bakersfield Senior Center, Inc. (Bakersfield) has been awarded $8,135,000 in capital advance financing to develop an 80-unit facility adjacent to the Bakersfield Senior Center. The proposed plan will include a walkway from the housing development to the Senior Center that offers seniors capable in an independent living setting with convenient supportive services.
Cuomo delivered Monday's keynote address in Los Angeles at Creating Partnerships for Renewed Hope, a HUD-sponsored conference of community and faith-based organizations, public officials and business leaders. Cuomo's trip concludes Tuesday in Los Angeles at Closing the Gap: Investing in America's Communities, an economic development conference that will focus on effective strategies, tools, and resources for creating partnerships that address the needs of America's distressed communities.
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