SHAHEEN ANNOUNCES MORE THAN $850,000 TO BENEFIT NEW HAMPSHIRE COMMUNITIES
HUD grants will fund affordable housing and spur economic development in Dover, Manchester, Portsmouth and Rochester
(Washington, D.C.) - U.S. Senator Jeanne Shaheen today announced that four New Hampshire communities will receive a total of $853,212 in American Recovery and Reinvestment Act (ARRA) funding to provide municipalities with the funds to purchase, rehabilitate, expand, and improve housing developments for low and moderate income homeowners and tenants, also creating local construction jobs. The funds have been made available through the U.S. Department of Housing and Urban Development's Community Development Block Grant (CDBG) program and will benefit Dover, Manchester, Portsmouth and Rochester.
"To help stabilize local economies, we need to continue to create and improve affordable housing options for families who are working to regain their financial footing," said Shaheen. "CDBG grants have a long record of helping municipalities to spur economic development in neighborhoods and communities, and I'm pleased this funding is coming to our state."
A list of funding through the Department of Housing and Urban Development follows:
- Dover: $94,682
- Manchester: $500,831
- Portsmouth: $175,606
- Rochester: $82,093
Under ARRA, recipients give priority to prudent projects that can award contracts based on bids within 120 days of the grant agreement.
CDBG provides funding for local governments to undertake a wide range of activities intended to create suitable living environments, provide decent affordable housing and create jobs. The rehabilitation of affordable housing and the construction and improvement of public facilities have traditionally been the largest uses of CDBG funds, and the program is also an important catalyst for job growth and business opportunities.
For more information, please visit: http://www.hud.gov/news/release.cfm?content=pr2009-07-16.cfm