Bingaman: New Mexico Receives Significant Housing Investments

WASHINGTON, DC – April 16, 2010 – (RealEstateRama) — U.S. Senator Jeff Bingaman today announced that the State of New Mexico and the City of Albuquerque will benefit from over $34.66 million in grant funding from the U.S. Department of Housing and Urban Development (HUD). “This significant investment will allow our state to meet the housing needs of many New Mexicans,” Bingaman said.The State of New Mexico will benefit from HUD funds for the following programs:

• $15.5 million – Community Development Block Grants (CDBG): The program provides grant to States and local units of government to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income persons.
• $8.15 million – HOME: The HOME program provides grants to fund housing programs that meet local needs and priorities.
• $727,475 – Emergency Shelter Grants (ESG): The Emergency Shelter Grants (ESG) program helps improve the quality and the number of emergency homeless shelters.
• $272,536 – Housing Opportunities for Persons with AIDS (HOPWA): The Housing Opportunities for Persons with AIDS (HOPWA) supports efforts that aim to help low-income individuals with AIDS maintain housing.

The City of Albuquerque will receive funding under the following programs:

• $4.78 million – CDBG
• $2.48 million – HOME
• $194,306 – Emergency Shelter Grants (ESG)

Bingaman also reported today that four New Mexico pueblos have been awarded a total of $2.66 million for affordable housing activities.  Funds were provided through the U.S. Department of Housing and Urban Development (HUD).

“Access to affordable housing remains out of reach for many Americans, including those living in Indian Country.  This funding will help these pueblos meet the needs of their community,” Bingaman said.

The following pueblos were awarded funding:

Funds were awarded through HUD’s Native American Housing Assistance and Self-Determination Act (NAHASDA) Indian Housing Block Grant Program. The pueblos can use the funds to implement a number of affordable housing activities. Those activities may include: new construction, acquisition, modernization or rehabilitation of rental or owner-occupied housing.

Finally, in a separate award, HUD announced $50,102 for the New Mexico Mortgage Finance Agency.  The grant will be used to provide counseling to families and individuals facing the threat of foreclosure. 

Contact
Jude McCartin
Maria Najera
703 Hart Building
United States Senate
Washington, DC 20510
(202) 224-5521