SHAHEEN: OVER $24 MILLION COMING TO NEW HAMPSHIRE IN ECONOMIC RECOVERY FUNDING THROUGH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
(Washington, D.C.) – U.S. Senator Jeanne Shaheen today announced that $24,888,429 in American Recovery and Reinvestment Act (ARRA) funding through the Department of Housing and Urban Development (HUD) is coming to New Hampshire. The funding will be distributed at both the state and community levels in formula funding for Public Housing Capital Funds, Community Development Block Grants (CDBG), Low-Income Housing Tax Credit funding, and Homelessness Prevention Funds.
“This funding will help New Hampshire communities fund important projects that will create jobs and help families find quality affordable housing,” said Shaheen. “I’m pleased to see funding allocated in the economic recovery package is getting to states and communities quickly, and I look forward to continuing to work with my colleagues in the Senate to make sure this legislation continues to help the people who need it most.”
Of the economic recovery package funding for projects and programs administered by the HUD, nearly 75 percent was allocated to state and local recipients this week. The remaining 25 percent of funds is for competitive grant programs and will be awarded in the coming months.
A list of funding through the Department of Housing and Urban Development follows. Please note that this is not a complete list of all funding through the ARRA and that further funds from other federal agencies will be announced as soon as they are ready to be distributed to the state.
State of New Hampshire to Receive Over $15.3 Million in ARRA Funding Through HUD
The State of New Hampshire will receive:
· $4,612,322 - Homelessness Prevention Fund
· $8,269,787 - Low-Income Housing Tax Credit (LIHTC)
· $2,462,647 - Community Development Block Grants (CDBG)
Total: $15,344,756
Manchester to Receive Over $3.3 Million in ARRA Funding through HUD
Manchester will receive:
· $2,034,759 - Public Housing Capital Fund
· $766,545 - Homelessness Prevention Fund
· $500,831 - Community Development Block Grants (CDBG)
Total: $3,302,135
Nashua to Receive Over $1.3 Million in ARRA Funding through HUD
Nashua will receive:
· $1,169,494 - Public Housing Capital Fund
· $198,273 - Community Development Block Grants (CDBG)
Total: $1,367,767
Seacoast Region to Receive Over $3 Million in ARRA Funding Through HUD
Towns in the Seacoast Region will receive:
· $922,653 to Dover - Public Housing Capital Fund
· $94,682 to Dover - Community Development Block Grants (CDBG)
· $763,785 to Portsmouth - Public Housing Capital Fund
· $175,606 to Portsmouth - Community Development Block Grants (CDBG)
· $303,831 to Somersworth - Public Housing Capital Fund
· $406,870 to Rochester - Public Housing Capital Fund
· $82,093 to Rochester - Community Development Block Grants (CDBG)
· $93,511 to Newmarket - Public Housing Capital Fund
· $192,318 to Exeter - Public Housing Capital Fund
Total: $3,035,349
Concord to Receive Over $466,000 in ARRA Funding Through HUD
Concord will receive:
· $466,895 - Public Housing Capital Fund
Laconia to Receive Over $168,000 in ARRA Funding Through HUD
Laconia will receive:
· $168,063 - Public Housing Capital Fund
Keene to Receive Over $413,000 in ARRA Funding Through HUD
Keene will receive:
· $413,394 - Public Housing Capital Fund
Salem to Receive Over $258,000 in ARRA Funding Through HUD
Salem will receive:
· $258,503 - Public Housing Capital Fund
Berlin to Receive Over $88,000 in ARRA Funding Through HUD
Berlin will receive:
· $88,959 - Public Housing Capital Fund
Claremont to Receive Over $157,000 in ARRA Funding Through HUD
Claremont will receive:
· $157,960 - Public Housing Capital Fund
Lebanon to Receive Over $284,000 in ARRA Funding Through HUD
Lebanon will receive:
· $284,547 - Public Housing Capital Fund
About HUD grant programs:
Community Development Block Grant (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.
Homelessness Prevention Fund - provides financial assistance and services to prevent individuals and families from becoming homeless and help those who are experiencing homelessness to be quickly re-housed and stabilized. This funding targets individuals and families who would be homeless without this assistance by providing a variety of services including short and medium term rental assistance, housing and relocation services, and aid with other costs.
Low-Income Housing Tax Credit (LIHTC) - helps local housing and community development agencies to increase the supply of affordable housing in their communities.
Public Housing Capital Fund - provides funding for the capital and management activities of Public Housing Agencies, including modernization and development of public housing.
For more information on HUD grants as allocated through the economic recovery package, please visit http://www.hud.gov/recovery/.
