FORT WORTH, TX – September 9, 2009 – (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced that Denison, El Paso, Fort Bend County, Longview and Tyler will receive a total of $18,781,606 to support community development and produce more affordable housing. HUD’s annual funding will also provide downpayment assistance to first-time homebuyers; help individuals and families who might otherwise be living on the streets; and offer real housing solutions for individuals with HIV/AIDS.
“This funding represents HUD’s continuing investment in helping our local partners improve their communities,” said Donovan. “If we hope to lay the groundwork for sustainable growth and prosperity in the future, it’s critical that we help state and local communities to make the needed improvements and to produce more affordable housing.” The funding announced today includes:
- $12,513,582 in Community Development Block Grant (CDBG) funds;
- 5,482,508 in HOME Investment Partnerships (HOME) funding;
- 457,861 in Emergency Shelter Grant (ESG) funds;
- 327,655 in Housing Opportunities for People with AIDS (HOPWA) funding.
- $18,781,606 TOTAL
Since 1974, HUD’s Community Development Block Grant (CDBG) Program has provided approximately $124 billion to state and local governments to target their own community development priorities. The rehabilitation of affordable housing and the improvement of public facilities have traditionally been the largest uses of CDBG 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.
HOME (HOME Investment Partnerships Program is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. Since 1992, more than 600 communities have completed more than 900,000 affordable housing units, including 383,000 for new homebuyers. In addition, 209,000 tenants have received direct rental assistance.
Emergency Shelter Grants (ESG) provides homeless persons with basic shelter and essential supportive services. It can assist with the operational costs of the shelter facility, and for the administration of the grant. ESG also provides short-term homeless prevention assistance to persons at imminent risk of losing their own housing due to eviction, foreclosure, or utility shutoffs.
HUD’s Housing Opportunities for Persons with AIDS (HOPWA) grants are distributed to states and cities based on the number of AIDS cases reported to the Centers for Disease Control and Prevention. The grants provide resources for operating community residences and providing rental assistance and support services to individuals with HIV/AIDS and their families. In addition, the HOPWA program also helps many communities develop strategic AIDS housing plans and fill in gaps in local systems of care. A stable home environment is a critical component for low-income persons managing complex drug therapies and potential side effects from their treatments.