08.01.05

Burr Announces $8.3 Million in Grants for Charlotte

Funds to expand housing and homeownership opportunities

Senator Richard Burr today announced $8,329,494 in United States Department of Housing and Urban Development (HUD) grants for the City of Charlotte. The funds will expand affordable housing and emergency shelter to the homeless and sick and extend homeownership opportunities to low-income and minority households.

"Every North Carolinian deserves the opportunity to call a place home," said Senator Burr. "These funds will assist thousands of people in Charlotte in finding affordable housing."

HUD awarded Charlotte the following grants to expand affordable housing and adequate shelter:

• A $5,299,260 Community Development Block Grant to develop a prosperous and safe urban community by providing decent housing and expanding economic opportunities for low- and moderate-income persons.

• A $2,734,371 HOME Grant to fund local housing needs, making available more affordable housing for low and very low-income families.

• A $204,783 Emergency Shelter Grant to build new and improve existing homeless shelters.

• A $565,000 Housing Opportunities for Persons with AIDS Grant to assist State and local governments and non-profit organizations provide housing assistance and support services to low-income persons suffering from HIV/AIDS.

HUD also awarded Charlotte a $126,080 American Dream Down Payment Initiative Grant to promote homeownership through down payment and closing cost assistance to low-income and minority households.