Washington, DC – July 8, 2009 – (RealEstateRama) — Today, Rep. Bill Foster (IL-14) announced that communities in the 14th District have been awarded $7,327,749 in grants from the U.S. Department of Housing and Urban Development. This funding was made possible by the American Recovery and Reinvestment Act, which Foster voted for.
“In these difficult economic times, families are struggling to retain and obtain affordable housing,” said Foster. “This Recovery funding will help those who have been hardest hit by the economic downturn, helping them provide housing for their families.”
Three types of HUD grants have been awarded – Community Development Block Grants (CDBG), Emergency Shelter Grants (ESG) and HOME awards. CDBG funds allow States and local units of government to develop viable urban communities by providing decent housing and a suitable living environment. These funds also expand economic opportunities, principally for low and moderate-income persons. ESG provides annual grants to State, local and private entities to improve the quality and number of emergency homeless shelters. The HOME program helps to expand the supply of decent, affordable housing to low and very low-income families by providing grants to States and local governments to fund housing programs that meet local needs and priorities.
“The City of Elgin appreciates the efforts of Congressman Foster to ensure our community has the funds needed to assist low and moderate income residents during these difficult economic times,” said Elgin Mayor Ed Schock.
The table below lists the grants awarded to communities within the 14th District.
