Five U.S. Cities To Receive Concentrated Support from HUD
Boston, New Orleans, San Francisco, Seattle and Chicago are collectively receiving $122 million from HUD as part of its Choice Neighborhood Implementation grants. These funds may be used to redevelop housing and revitalize distressed neighborhoods that are plagued with blight, violence, poverty and poor school performance. The targeted sites must be located near areas that are more prosperous in an effort to increase the probability that these neighborhoods will recover.
Overall, each program will strive to provide higher-quality housing as well as improve public education and help improve families’ lives. Specific goals for each program are identified in this article.
Funding awards:
- Boston, $20.5 million
- Chicago, $30.5 million
- New Orleans, $30.5 million
- San Francisco, $30.5 million
- Seattle, $10.27 million
SOURCE: New Urban Network, 9/2/11
URL: http://newurbannetwork.com/article/hud-will-help-five-cities-redo-troubled-neighborhoods-15222
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