HUD ALLOCATES $1 BILLION IN RECOVERY ACT FUNDING TO SUPPORT STATE AND LOCAL COMMUNITY DEVELOPMENT

WASHINGTON - In an effort to stimulate community development and job growth, U.S. Housing and Urban Development Secretary Shaun Donovan today allocated $1 billion in funding to nearly 1,200 state and local governments through the American Recovery and Reinvestment Act of 2009(Recovery Act). These grants will be provided through HUD's long-standing Community Development Block Grant (CDBG) Program and will primarily benefit low- to moderate-income persons living in these communities.