HUD NEWS  
U.S. Department of Housing and Urban Development – Julián Castro, Secretary
Office of Public Affairs, Washington, DC 20410                        

HUD No. 15-015                                                                                                                        FOR RELEASE
Ed Cabrera                                                                                                                                  Tuesday
415-489-6407                                                                                                                             March 24, 2015
http://www.hud.gov/news/index.cfm

HUD ANNOUNCES $1,092,323 MILLION FOR COMMUNITY DEVELOPMENT
AND AFFORDABLE HOUSING IN RICHMOND

SAN FRANCISCO – The U.S. Department of Housing and Urban Development (HUD) today announced the City of Richmond will receive $1,092,323 million to support community development and produce more affordable housing through the Community Development Block Grant (CDBG) Program. : 
“Each year, HUD supports the community development and affordable housing needs of hundreds of cities, counties and states across our nation,” said Regional Administrator Ophelia Basgal.  “These funds will support local plans to strengthen communities and help families and individuals secure quality housing.”

            Since 1974, CDBG has provided approximately $147 billion to state and local governments to target their own community development priorities.  The rehabilitation of affordable housing and the improvement of public facilities have traditionally been the largest uses of CDBG although the program is also an important catalyst for job growth and business opportunities.  Annual CDBG funds are distributed to communities according to a statutory formula based on a community’s population, poverty, and age of its housing stock, and extent of overcrowded housing. 

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available at www.hud.gov and espanol.hud.gov.  You can also follow HUD on Twitter, Facebook, Instagram, or sign up for news alerts on HUD’s Email List.

Ed Cabrera
Senior Management Analyst / Interim Regional Public Affairs Officer
Office of the Regional Administrator
U.S. Department of Housing and Urban Development
One Sansome Street, 12th Floor, San Francisco, CA 94104-4430
v-415.489.6407 |f-415.489.6419