HUD Archives: News Releases
HUD No. 02-094
August 15, 2002
BUSH ADMINISTRATION ANNOUNCES MORE THAN $250,000 IN HOUSING AND
ECONOMIC DEVELOPMENT FUNDS FOR LAURINBURG, NORTH CAROLINA
LAURINBURG, NC - Housing and Urban Development Assistant Secretary Roy A. Bernardi
today awarded $150,000 in federal funding for the revitalization of downtown
Laurinburg and announced $103,706 for 25 rental-assistance vouchers for Laurinburg
to help low-income families rent apartments or buy homes. Bernardi made the
funding announcements with Rep. Robin Hayes during a news conference in Laurinburg,
"These grants do so much good for so many people," Bernardi said.
"This money helps communities do the critical work of stimulating business
development and job growth, providing affordable housing and helping our most
"I am pleased that the U.S. Department of Housing and Urban Development
has awarded these two grants to City of Laurinburg and Scotland County,"
said Hayes. "Everyone deserves to be able to live in safe and affordable
housing and these grants will go a long way in affording people this opportunity.
Additionally, quality housing and infrastructure is essential for economic development.
While the individuals who will now be able to move into these new housing opportunities
are the direct beneficiaries of these grants, everyone in Scotland County and
Laurinburg are the true beneficiaries."
The Laurinburg Downtown Revitalization Corporation will receive funds provided
by HUD's Rural Housing and Economic Development program. This funding is part
of $25 million distributed to rural communities in 33 states and territories
to help create innovative housing and economic development solutions including
rehabilitation, new construction, job creation, business retention and strategic
Laurinburg will use the $150,000 to hire a full time staff to begin to implement
the revitalization plan and to support the pre-development cost associated with
economic development and housing projects.
HUD's Rural Housing and Economic Development program helps state and local
communities to encourage economic development and promote affordable housing
by building the capacity needed to undertake these complex activities. These
communities can use the funding to hire and train staff, purchase computers
and software, develop accounting systems or hire experts to help them accomplish
their economic development and housing goals.
The Laurinburg Housing Authority was awarded $103,706 for 25 Housing Choice
Vouchers, approved in HUD's 2002 budget to help low-income families rent apartments
or buy homes.
Laurinburg 's vouchers are part of the $95 million in vouchers HUD awarded
to 48 states and Puerto Rico. The vouchers will allow 16,460 low-income families
to lease or purchase homes or apartment units. All totaled, seven housing agencies
in North Carolina received $1,777,975 for 381 new vouchers today.
HUD's Housing Choice Vouchers Program is the federal government's major initiative
that helps low-income families, including the elderly and disabled, afford housing.
This program currently assists 1.8 million families with rent payments. Over
the past three years, about 300 families have used their vouchers to become
homeowners. Families receiving HUD rental assistance vouchers generally pay
30 percent of their income for rent, with HUD subsidies picking up the remainder.
The vouchers distributed today are called "fair share vouchers" because
they are distributed to communities that compete based on the housing needs
of low-income families in each state. Only Public Housing Authorities that demonstrated
an ability to use 97 percent of their 2001 vouchers were eligible to compete
for the new vouchers.
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