Funding will improve neighborhoods, create jobs in struggling communities
Washington, DC – July 17, 2009 – (RealEstateRama) — Senator Evan Bayh today announced that Indiana will receive more than $9.5 million in grants from the U.S. Department of Housing and Urban Development (HUD) to revitalize communities and help create jobs for Hoosiers. The funds have been allocated through the American Recovery and Reinvestment Act of 2009.
“Communities that were already struggling before the economic downturn face significant challenges to recovery,” Senator Bayh said. “These grants will improve neighborhoods’ long-term viability by sparking development, retaining businesses and creating jobs, while providing affordable housing options to Hoosiers in need.”
The funds will be distributed to local governments as part of the Community Development Block Grant (CDBG) program. The grants will support community development priorities, such as rehabilitating affordable housing, improving public facilities, and creating economic opportunities for low- to moderate-income Hoosiers.
A full list of the funding for Indiana is below.
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