WASHINGTON – Rhode Island is slated to receive $10.88 million from the U.S. Department of Housing and Urban Development, according to U.S. Sen. Jack Reed.
The money, to be disbursed through four HUD programs, includes:
• $5.32 million as Community Development Block Grants, an increase of 27.2 percent from last year, to renovate public buildings, provide low-cost loans to needy residents and increase services to neighborhood and senior centers;
• $5.12 million through the HOME Investment Partnership, to aid in rehabilitating and creating affordable housing.
• $348,000 in Emergency Shelter Grants to public and private organizations that shelter the homeless.
• $97,000 for the American Dream Downpayment Initiative, which aims to increase home ownership, especially among low-income and minority households, by helping first-time buyers with down payment and closing costs.
“This funding provides safe, decent, affordable housing for Rhode Island’s working families and seniors,” said Reed, a member of the Senate Banking Committee. “It allows our communities … to ensure that current affordable housing is properly maintained and to provide emergency shelter and assistance to those most in need.”
Additional information on the U.S. Department of Housing and Urban Development and its local programs is available at www.hud.gov.
