Secretary Preston and Governor Schwarzenegger announce $105 Million for affordable housing and community development in California

U.S. Housing and Urban Development Secretary Steve Preston and California Governor Arnold Schwarzenegger today announced that the California State Program will receive more than $105 million to support community development and produce more affordable housing in the GoldenState. HUD's annual funding will also provide downpayment assistance to first-time homebuyers; assist individuals and families who might otherwise be living on the streets; and offer real housing solutions for individuals with HIV/AIDS.

For the complete story, please visit: http://www.hud.gov/news/release.cfm?content=pr08-125.cfm