07.15.05

Senator Burr Announces $1.5 Million in Home Ownership Grants for Gastonia

Funds to expand affordable housing opportunities

Senator Richard Burr today announced three United States Department of Housing and Urban Development (HUD) grants worth a total of $1,533,453 for Gastonia. These funds will promote home ownership among low-income and minority households.

"These funds will help make owning a home a reality for more North Carolinians," said Senator Burr.

Gastonia will receive a Community Development Block Grant of $729,606 to expand home ownership in urban communities by broadening economic opportunities for low-income persons. HUD will also provide Gastonia assistance through a grant of $771,470, to help expand the availability of affordable housing to low and very low-income families by funding State and local housing initiatives. Gastonia will also receive a $32,377 American Dream Down Payment Initiative grant which will promote homeownership by providing necessary resources for down payment and closing cost assistance to low-income and minority households.