07.15.05

Senator Burr Announces $1.5 Million in Home Ownership Grants for Rocky Mount

Funds to expand affordable housing opportunities

Senator Richard Burr today announced two United States Department of Housing and Urban Development (HUD) grants worth a total of $1,553,470 for Rocky Mount. 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.

Rocky Mount will receive a Community Development Block Grant of $760,442 to expand home ownership in urban communities by broadening economic opportunities for low-income persons. HUD will also provide Rocky Mount assistance through a grant of $793,028 to help expand the availability of affordable housing to low and very low-income families by funding State and local housing initiatives.