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Updated : Fri, 2 Jan 2009 12:00:00 GMT
WASHINGNTON - U.S. Housing and Urban Development Secretary Steve Preston today awarded $26.5 million in "sweat equity grants" to produce at least 1,540 homes for lower income first-time homebuyers. Three non-profit housing providers will use HUD's grants to construct or rehabilitate homes along with contributed labor from the homebuyers and volunteers.
Publ.Date : Wed, 17 Dec 2008 12:00:00 GMT
WASHINGTON - The U.S. Department of Housing and Urban Development today made a commitment to insure a loan to Capital Health System (CHS) in Trenton, New Jersey to construct a new 223-bed hospital in Hopewell Township, New Jersey to replace the existing Mercer Medical Center. The $777 million loan is made possible through the Federal Housing Administration's Section 242 Hospital Mortgage Insurance Program.
Publ.Date : Tue, 16 Dec 2008 12:00:00 GMT
WASHINGTON - In an effort to accelerate the process of awarding grants to State and local governments, non-profit organizations, and other community-based applicants, the U.S. Department of Housing and Urban Development today announced a new streamlined funding process. HUD will now announce funding notices on a program-by-program basis, an action that will speed up the application process for prospective grantees that would otherwise be required to wait for the publication of HUD's comprehensive funding notice.
Publ.Date : Mon, 29 Dec 2008 12:00:00 GMT
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today accepted a nearly $72 million disaster plan from the State of Iowa to recover from severe storms, tornadoes and flooding earlier this year. Iowa intends to use the funding provided through HUD's Community Development Block Grant (CDBG) Program to restore damaged and destroyed housing, to stimulate small business recovery, and to repair public infrastructure.
Publ.Date : Fri, 19 Dec 2008 12:00:00 GMT
WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced that public housing agencies in 48 states, the District of Columbia, Guam and Puerto Rico will receive nearly $49 million to provide low-income people with the necessary job training to put them on a path toward self-sufficiency.
Publ.Date : Fri, 2 Jan 2009 12:00:00 GMT
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