77.8 F
Cruz Bay
Thursday, July 7, 2022
HomeNewsLocal newsHud Announces $3.3 Million To The U.S. Virgin Islands for Housing and...

Hud Announces $3.3 Million To The U.S. Virgin Islands for Housing and Economic Opportunity

U.S. Capitol (Shutterstock image)
U.S. Capitol (Shutterstock image)

The U.S. Department of Housing and Urban Development announced $3,377,000 in grants to the U. S. Virgin Islands Monday. They are earmarked for community planning and development activities, ranging from the development of affordable housing to expanding economic opportunity for people with low and moderate incomes, according to a release from HUD.

Monday’s grant is part of $6.3 billion to U.S. states, local entities of government, and U.S. territories through HUD’s Fiscal Year 2022 Community Planning and Development Formula Grant Program.

“These grants make a real difference in our communities,” said HUD Southeast Regional Administrator Jose Alvarez in the HUD release. ‘Whether it’s building new homes, stimulating business activity or securing stable housing for the most vulnerable, this funding plays a vital role to local communities and to the people who live there.”

The funding awarded to the U.S. Virgin Islands includes:

Advertising (skip)

– $1.8 million for the Community Development Block Grant Program. CDBG provides annual grants on a formula basis to states, cities, and counties 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.
– $1 million for the HOME Investment Partnerships Program. HOME provides funding to states and localities that communities use – often in partnership with local nonprofit groups – to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people.
– $394,529 to the Housing Trust Fund. The Housing Trust Fund provides funding to produce affordable housing units.
–$164,825 to the Emergency Solutions Grants. These provide funds for homeless shelters, assist in the operation of local shelters and funds related to social service and homeless prevention programs.

 

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.




Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.



STAY CONNECTED

20,771FansLike
4,753FollowersFollow

FROM FACEBOOK

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Load more