Congresswoman Richardson Announces $22 Million in HUD Neighborhood Stabalization Funds for Long Beach and Millions More for Counseling Partner Los Angeles Neighborhood Housing Services
WASHINGTON, DC - January 18, 2010 - (RealEstateRama) — Congresswoman Laura Richardson is pleased to announce that the U.S. Housing and Urban Development Department (HUD) has awarded $22 million to the City of Long Beach and additional millions to the 37th District counseling partner Los Angeles Neighborhood Housing Services, Inc. The funds are a result of the American Recovery and Reinvestment Act of 2009 (Recovery Act) and are distributed as part of HUD’s Neighborhood Stabilization Program, which requires the funds be used to improve the quality of and access to housing for low- and moderate-income families.
“With the many challenges that families have faced both as a result of the recent recession and, in many cases, long-term local economic issues, the ability for them to keep their homes despite financial difficulties has become a serious problem in a lot of communities, including many in the 37th District,” Congresswoman Richardson said. “One of my main reasons for supporting and voting for the Recovery Act was to be able to improve the lives of those families struggling to meet the basic necessities of life, such as a safe place to live. It is with that same thinking that I am working to obtain grants like this, because I know it will help hundreds of families in Long Beach, Carson, Watts and Willowbrook. In addition to helping individual families, this funding will also be used to revitalize neighborhoods by rehabilitating old structures, infilling vacant lots and bringing new occupants to empty homes. This program will remove the blight, which is an unfortunate consequence to communities of these very difficult times.”
HUD’s Neighborhood Stabilization Program funds can be used to establish financing mechanisms for the purchase and redevelopment of foreclosed residential properties, to purchase and rehabilitate residential properties, to establish land banks for foreclosed homes, and to redevelop demolished or vacant properties.
Congresswoman Richardson is a Democrat from California’s 37th Congressional District. She is a member of the House Committees on Transportation & Infrastructure and Homeland Security. Her district includes Long Beach, Compton, Carson, Watts, Willowbrook and Signal Hill.
Contact:
Jeff Billington
Office: (202) 225-7924
Cell: (202) 340-3791
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