HUD Archives: News Releases
HUD No. 02-083
July 22, 2002
MARTINEZ HIGHLIGHTS PRESIDENT'S MINORITY HOMEOWNERSHIP INITIATIVE
DURING NEW HAMPSHIRE VISIT
WASHINGTON - Housing and Urban Development Secretary Mel Martinez highlighted
the President's homeownership initiative and visited several elderly housing
complexes during a three-city tour in the state of New Hampshire with Congressman
While in Manchester, Martinez and Sununu, joined representatives of Fannie
Mae as they presented Manchester Neighborhood Housing Services, an agency that
helps low income people through the home-buying process, with a check for $10,000
toward the purchase of computers to enable the agency to extend its homeownership
counseling program. Martinez toured the agency and recognized Domingo and Magaly
Vega and Beth Jennison, new homeowners thanks to the assistance received from
"Last month, President Bush announced 'America's Homeownership Challenge'
and set a goal to increase the number of minority homeowners by 5.5 million
by the end of the decade," said Martinez. "Today, with Fannie Mae
and the Manchester Neighborhood Housing Services we see a great examples of
the kind of public-private partnerships needed to reach this achievable goal."
Earlier in the day at Portsmouth, the Secretary announced over $1.6 million
in Community Development Block Grants.
"The Community Development Block Grant Program is one of the most successful
ways the federal government provides funding for economic development and housing
programs to communities across the nation," Martinez said. "For nearly
30 years, CDBG funds have built and rehabilitated homes, fueled business development
to create jobs, and improved the overall health of our nation's communities.
Instead of trying to impose a one-size-fits-all program on every locality, CDBG
funds programs designed by each individual community to best meet unique local
"The Bush Administration and Secretary Martinez have demonstrated strong
leadership in addressing housing issue that affect residents of New Hampshire
and the nation. The funding and initiatives highlighted today represent a continued
commitment on the part of HUD to valuable programs that will help stimulate
the local economy, promote affordable housing, and help the homeless,"
The funding announced today includes:
- Dover will receive $442,000 in Community Development Block Grant funds.
- Portsmouth will receive $829,000 in Community Development Block Grant funds.
- Rochester will receive $373,000 in Community Development Block Grant funds.
HUD's block grant programs are distributed by formula to every locality with
a population of over 50,000, and to every county with a population of at least
200,000. The distribution formula also includes, income levels, poverty rates
and age of housing stock.
Martinez also stopped in Portsmouth and Nashua during the trip. While in Portsmouth,
he toured 1895 Hospital Carriage, an old hospital now being renovated for elderly
housing units. Later in Nashua, he toured the Davidson Landing, a complex comprised
of 82 elderly housing units.
In the past HUD has funded Davidson Landing complex in Nashua through Section
202 Supportive Housing for the Elderly funds to non-profit groups in the form
of capital advances and project rental assistance. To be eligible for the assistance
under this program a household must be classified as "very low income,"
which means an income 50 percent or less of the area median. Martinez has requested
level funding of $783 million dollars for the Section 202 program in the FY2003
HUD budget to maintain the level of support to develop facilities like Davidson
HUD is the nation's housing agency committed to increasing homeownership, particularly
among minorities, creating affordable housing opportunities for low-income Americans,
supporting the homeless, elderly, people with disabilities and people living
with AIDS. The Department also promotes economic and community development as
well as enforces the nation's fair housing laws. More information about HUD
and its programs is available on the Internet.
Content Archived: April 9, 2010