Kerry, Kennedy, Frank: New Bedford to Receive $4.5 Million for Critical Housing Programs

BOSTON, MA – August 4, 2009 – (RealEstateRama) — Senators John Kerry and Edward Kennedy, together with Congressman Barney Frank today announced that New Bedford will receive a total of $4,486,663 from the U.S. Department of Housing and Urban Development for critical housing programs in the city.The federal funding comes as part of three national grant programs. The city will receive $3,010,541 as part of the Community Development Block Grants (CDBG) program, $131,648 as part of the Emergency Shelter Grants (ESG) program, and $1,344,474 as part of the HOME program.

“This investment is a lifeline for cities across Massachusetts that have been drowning under busted budgets and the housing crunch. It’ll put people to work while allowing hundreds of low and moderate income families in New Bedford to keep a roof over their heads,” said Senator Kerry.

Senator Kennedy said, “This federal assistance is essential for New Bedford and many other cities and towns across our Commonwealth that face extraordinary budget costs because of the current economic crisis. These grants will enable New Bedford to create and retain important jobs while providing essential shelter and other services for families in need.”

“I am especially pleased that we are seeing these federal funds go to Fall River and New Bedford, which have suffered tough economic times through no fault of their own. It’s especially important that they get this money at this time,” said Congressman Frank.

The CDBG program is a critical part of the Federal government’s efforts to help more cities, urban areas, and states meet the needs of low- and moderate-income communities. The CDBG program provides funding for homeownership assistance, housing rehabilitation, public improvements, public services, and economic development projects.

The ESG program provides annual grants to state, local and private entities to improve the quality and number of 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 communities to fund housing programs that meet local needs and priorities.

Contact: Brigid O’Rourke, 617-565-8252