HUD AWARDS $6 MILLION TO 10 HISPANIC COLLEGES AND UNIVERSITIES
Hispanic-serving institutions to use HUD funds to improve communities

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today awarded nearly $6 million to 10 Hispanic colleges and universities to help revitalize neighborhoods, promote affordable housing and stimulate economic development in their communities. The funding announced today is provided through HUD's Hispanic-Serving Institutions Assisting Communities (HSIAC) Program (www.oup.org/programs/aboutHSIAC.asp). Donovan made the announcement to a policy gathering of the Hispanic Congressional Caucus Institute in Washington.

"These Hispanic-serving institutions are devoted to improving the lives of young people as well as helping to revitalize the communities where they serve," said Donovan. "I'm proud HUD and these institutions can come together to do the heavy lifting needed to improve neighborhoods, build affordable housing and stimulate economic progress."

The following Hispanic-Serving Institutions were awarded funding (see attached for a description of these projects):

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HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov. You can also follow HUD on twitter @HUDnews, on facebook at www.facebook.com/HUD, or sign up for news alerts on HUD's News Listserv.