Today's Date: March 28, 2024
Morningstar Publishes Fourth Annual Corporate Sustainability Report   •   Newman University Receives $1.2M Towards Higher Education Access for Southwest Kansas Initiative   •   Guaranteed Rate Welcomes New Atlanta Branch Manager, Carlos Mata   •   /R E M I N D E R -- Travelling for Easter? The Canada Border Services Agency gives tips for a smooth trip/   •   The reopening of the Yokohama Museum of Art adds another innovative and distinctive venue for events in Yokohama   •   G&A INSTITUTE ANNOUNCES 2024 PATHFINDER WEBINAR SERIES: Navigating the New Regulatory Environment for Corporate Sustainabili   •   Colibri Group Announces Partnership with The University of Tulsa for Professional Licensure Program for Students in Real Estate,   •   LambdaTest Launches The Phoenix Project, an Employee Resource Group for Women   •   Reveal Technology, Inc. Receives $3.2M Award With U.S. Marine Corps Warfighting Laboratory (MCWL)   •   $122.5 Million Healthcare Transformation Grant Launches Center for Better Aging   •   Eight new sustainability-themed experiences—exclusive to Yokohama—for convention participants   •   Join Us as We Stand Together and March Against Hate in Dallas, Texas   •   ElementalTV and Spanglish Movies Partner to Accelerate US Hispanic Market Activations in CTV Advertising: 'Spanglish Audiences'   •   Leading In-Home Care Franchise Looks to Expand in La Crosse   •   iLearningEngines, Inc. to Add Michael Moe and Sir Ian Davis to its Board of Directors   •   Yiwugo Embraces Surge in Demand for Chinese Trendy Products: Hanfu & Handcrafted Beads in Vogue   •   Jack Link’s® Unveils a Sweet Collaboration with Dr Pepper® That Brings Two Classic Tastes Together   •   Details of “SusHi Tech Tokyo 2024” Showcase Program Announced   •   The NRP Group and Housing Authority of the City of Austin Celebrate Grand Opening of The Markson, a 330-Unit Mixed-Income Commun   •   BMO Recognized for Gender Equity by Report on Business' Women Lead Here List 2024
Bookmark and Share

HUD ALLOCATES $1 BILLION IN RECOVERY ACT FUNDING TO SUPPORT STATE AND LOCAL COMMUNITY DEVELOPMENT

HUD NEWS
U.S. Department of Housing and Urban Development - Shaun Donovan, Secretary

Office of Public Affairs, Washington, DC 20410


HUD No. 09-049                              FOR RELEASE
Andrea Mead                                 Tuesday                                                                                                                         (202) 708-0685                              May 5, 2009
http://www.hud.gov/news/index.cfm
 


HUD ALLOCATES $1 BILLION IN RECOVERY ACT FUNDING TO SUPPORT STATE AND LOCAL COMMUNITY DEVELOPMENT
CDBG funding designed to build critical infrastructure and create jobs



WASHINGTON - In an effort to stimulate community development and job growth, U.S. Housing and Urban Development Secretary Shaun Donovan today allocated $1 billion in funding to nearly 1,200 state and local governments through the American Recovery and Reinvestment Act of 2009 (Recovery Act). These grants will be provided through HUD's long-standing Community Development Block Grant (CDBG) Program and will primarily benefit low- to moderate-income persons living in these communities.

CDBG enables state and local governments to undertake a wide range of activities intended to create suitable living environments, provide affordable housing and create economic opportunities. Under the Recovery Act, recipients shall give priority to prudent projects that can award contracts based on bids within 120 days of the grant agreement.

"Today, we make another investment in the economic recovery of our cities, counties and states," said Donovan. "President Obama and I are anxious to put this money to work for long-term, sustainable community development. And like this Administration, American taxpayers expect these funds to be spent prudently so they can quickly contribute to America's economic revitalization and growth."

President Obama directed all Recovery Act funding to be spent responsibly and in a transparent manner in order to provide a necessary economic boost, create jobs, and strengthen America's middle class. With today's announcement, HUD is reminding CDBG grantees that while the program has historically supported a wide variety of public improvements, the Recovery Act prohibits certain activities including "any casino or other gambling establishment, aquarium, zoo, golf course, or swimming pool."

In a letter to CDBG recipients of Recovery Act funds, Donovan wrote, "In accepting these funds, it is imperative that you be good stewards of these precious taxpayer dollars by focusing your efforts on the Recovery Act goals of investing in infrastructure that will create or sustain jobs in the near-term and generate maximum economic benefits in the long-term."

Since 1974, CDBG has provided more than $123 billion to state and local governments to target their own community development priorities. The rehabilitation of affordable housing and the construction and improvement of public facilities have traditionally been the largest uses of CDBG funds although the program is also an important catalyst for job growth and business opportunities. Annual CDBG funds are distributed to communities according to a statutory formula based on a community's population, poverty, and age of its housing stock, and extent of overcrowded housing.

 

###


HUD is the nation's housing agency committed to sustaining homeownership; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development and enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.


Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News