$27 Million Awarded by HUD as Aid to New Orleans

According to HUD, New Orleans will receive over $27 million in order to support affordable housing and community development efforts. Additionally, the funding will provide assistance to first-time homebuyers trying to make down payments, and also be part of the proactive solution to help the homeless as well as those with HIV/AIDS to obtain housing.

This funding is part of HUD’s Community Development Block Grant (CDBG) Program, which has provided over $120 billion to state and local governments to support community development initiatives.

For more information on this, and other HUD initiatives, please visit: http://www.hud.gov/news/release.cfm?content=pr08-034.cfm&CFID=4115041&CFTOKEN=52052542