HUD announces $18.7 million for affordable housing and community development

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 down payment 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.” read more