Rhode Island will receive nearly $12 million in federal funding from the U.S. Department of Housing and Urban Development to expand affordable housing, revitalize neighborhoods and economic development, U.S. Sen. Jack Reed, D-RI, announced.
The $11,748,769 is $397,733 less than Rhode Island received last year. Budget cuts to the Community Development Block Grant Program (CDBG) and Home Investment Partnership program (HOME) contributed to the reduction.
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The CDBG money totals $5,860,847 to fund programs designed to help low- and moderate-income residents. That assistance includes rehabilitating public buildings, providing low-cost loans and increasing services to neighborhood and senior centers.
The HOME program will award $5.350,039 to help rehabilitate housing and the production of affordable rental and homeowner housing.
