HUD AWARDS $13.3 MILLION TO BRING JOBS, REVITALIZE ‘BROWNFIELDS’ IN SIX CITIES

WASHINGTON, DC – September 8, 2011 – (RealEstateRama) — In six cities across the country, the U.S. Department of Housing and Urban Development (HUD) is awarding $13.3 million to stimulate job growth and revitalize unproductive industrial areas known as ‘brownfields.’ The grants announced today, combined with an addition $35 million in federal loan guarantees, will generate total public and private investment in these areas to more than $166 million.


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U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

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