WASHINGTON, DC – March 2, 2011 – (RealEstateRama) — More than 250 communities across the country will be able to increase the economic impact of their local community development and affordable housing programs through nearly $50 million in “capacity-building” grants awarded today by the U.S. Department of Housing and Urban Development (HUD). The funds awarded today will support three national organizations and are ultimately expected to produce approximately 8,000 units of affordable housing nationwide, and generate more than $1 billion in total development investment.
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