WASHINGTON, DC – July 12, 2012 – (RealEstateRama) — Congressman Mike Michaud announced that the U.S. Department of Housing and Urban Development (HUD) has awarded the State of Maine $10,581,799 under the Community Development Block Grant (CDBG) Program and $3,430,081 under the HOME Program.
“The Community Development Block Grant and HOME programs provide key investments that grow our communities, increase affordable housing options, and create new opportunities for economic growth,” said Michaud. “I have been proud to support these programs that have a proven record of helping to address many of the difficult challenges facing neighborhoods across the state.”
According to HUD, the CDBG program provides annual grants to states and local units of government to develop viable urban communities by providing decent housing and a suitable living environment, and through the expansion of economic opportunities, principally for low and moderate-income individuals. CDBG provides funding to state and local governments to target their own community development priorities.
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. Congressman Michaud has consistently supported funding for both the CDBG and HOME programs.