Jun 17 2005

SHELBY ANNOUNCES OVER $3 MILLION FOR HOME OWNERSHIP PROGRAMS IN MOBILE COUNTY

WASHINGTON, D. C. — U.S. Senator Richard C. Shelby (R-Ala) announced today that the U.S. Department of Housing and Urban Development (HUD) will soon be releasing $3,338,511 for housing and community revitalization programs in Mobile County. These grants are part of HUD’s commitment to provide home ownership opportunities for all Americans.

The funds will be awarded as follows:

  • $2,296,565 for Community Development Block Grants. This allows state and local governments develop urban communities by providing housing and economic opportunities for low and moderate-income individuals.

  • $88,769 for the Emergency Shelter Grant Program. This program provides grants to state, local and private entities to improve the quality and number of emergency homeless shelters.

  • $929,515 for the HOME Investment Partnership. This program helps expand affordable housing opportunities for low and very low-income families by providing grants to state and local governments to fund housing programs to meet the needs and priorities of the local community.

  • $23,662 for the American Dream Downpayment Initiative. These funds will promote home ownership opportunities by providing necessary resources for downpayment and closing cost assistance to low-income households.

Senator Shelby said, “I am pleased to announce over $3 million for these important home ownership programs in Mobile County. These grants will provide more low-income families in the area with the opportunity to own a home and achieve a piece of the American dream.”

- 30 -