Fort Collins to receive $1.5 million

DENVER – Fort Collins will receive $1.5 million from the U.S. Department of Housing and Urban Development (HUD) to support community development and provide more affordable housing with funding from HUD’s Community Development Block Grant and HOME programs.

“HUD’s Community Planning and Development funding $923,469 in the CDBG allocation and $599,259 from the HOME program will help provide safe, affordable housing to those in need and vulnerable,´ said Rick Garcia, HUD regional administrator.

The allocations were significantly less than those provided last year. Because of budget trimming, the nation’s CDBG funding was reduced by more than $600 million – or about 16.5 percent – and HOME program funding was cut by more than $200 million, or about 11.7 percent.

“This year’s block grant funding requires tough choices that we would not have made in better circumstances,´ said Shaun Donovan, HUD secretary. “As we work under the challenges of the nation’s deficit, we must also understand that these programs are absolutely essential in promoting community development, producing affordable housing, helping our homeless and even supporting long-term disaster recovery.”

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