Bayh Announces $21 Million to Expand Affordable Housing in Central Indiana

June 29, 2009

by Indiana RealEstateRama

Category: News || Grants, Housing & Development | No Comments

Community development funding will help create jobs in distressed neighborhoods

Washington, DC – June 29, 2009 – (RealEstateRama) — Senator Evan Bayh today announced that Central Indiana will receive more than $21 million in grants from the U.S. Department of Housing and Urban Development (HUD) to expand affordable housing and improve urban communities. The funds are part of more than $44 million in community development grants awarded to Indiana.

“In addition to expanding the housing options for Hoosiers in need, these grants will improve the long-term viability of our neighborhoods by sparking development, helping retain and attract businesses and creating quality jobs,” Senator Bayh said.

Four types of grants have been issued by HUD to Indiana cities: Community Development Block Grants (CDBG), Emergency Shelter Grants (ESG), HOME program grants and Housing Opportunities for Persons with Aids (HOPWA) grants.

The CDBG program provides funding to develop viable urban communities by supporting affordable housing and creating jobs through the expansion and retention of businesses. The ESG program funds grants to improve emergency homeless shelters. The HOME and HOPWA programs aid local communities in developing housing for low-income families and for those diagnosed with HIV/AIDS, respectively.

A full list of the HUD funding for Central Indiana is below:

City	Grant Type	Amount
Anderson	CDBG	$950,315
Anderson	HOME	$371,367
Bloomington	CDBG	$847,075
Bloomington	HOME	$718,951
Indianapolis	CDBG	$9,584,284
Indianapolis	ESG	$422,616
Indianapolis	HOME	$4,639,596
Indianapolis	HOPWA	$806,705
Kokomo	CDBG	$995,890
Muncie	CDBG	$1,443,305
Muncie	HOME	$556,046
Total for Central Indiana		$21,336,150