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Bayh Announces $8 Million to Expand Affordable Housing in Northwest Indiana


Community development funding will help create jobs in distressed neighborhoods

Washington, DC – June 29, 2009 – (RealEstateRama) — Senator Evan Bayh today announced that Northwest Indiana will receive more than $8 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 Northwest Indiana is below:

City Grant Type Amount
Gary CDBG $3,664,634
Gary ESG $160,686
Gary HOME $1,102,330
Hammond CDBG $2,327,672
Hammond ESG $101,644
Hammond HOME $670,762
Total for Northwest Indiana $8,027,728

Indiana RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Indiana Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Indiana.


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