HUD announces funding for housing, connected development

    
 

Tuesday, Nov 29 2011 6:11PM

The funds are divided between Community Challenge and Regional Planning grants, which will go to 27 communities and organizations and 29 regional areas, respectively. The funds will be used to support a combination of transportation, schools, jobs and housing.

The funds are divided between Community Challenge and Regional Planning grants, which will go to 27 communities and organizations and 29 regional areas, respectively. The funds will be used to support a combination of transportation, schools, jobs and housing.

The U.S. Department of Housing and Urban Development (HUD) recently announced the recipients of the 2011 Sustainable Communities Grants, which will total nearly $96 million.

The funds are divided between Community Challenge and Regional Planning grants, which will go to 27 communities and organizations and 29 regional areas, respectively. The funds will be used to support a combination of transportation, schools, jobs and housing.

"Our nation's ability to compete in a global economy and create jobs is dependent upon how quickly and efficiently we can connect our workers and families to education and employment opportunities," said HUD Secretary Shaun Donovan.

Donovan noted this year's grant recipients will include more chambers of commerce and economic development corporations. He noted more than half of the average working family's income goes toward housing and transportation costs alone, and that planning to ease that burden may be more effective with improved cooperation between the federal government and local institutions.

States including Arizona, California and Colorado will benefit from the federal grants. The federal funds are being matched or complemented with about $115 million in contributions from other sources toward the same efforts, increasing the potential impact of these programs on the nation's communities.

For further reference, check out this source: U.S. Department of Housing and Urban Development

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