California Department of Housing and Community Development Awards $67 Million to Rural and Small Communities for New Homeownership and Home Rental Opportunities.SACRAMENTO, Calif. -- California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Department of Housing and Community Development (HCD HCD Housing and Community Development HCD Hardware Configuration Definition (IBM mainframes) HCD Human Capacity Development HCD Health Care Delivery HCD Hockey Club Davos (Swiss Ice Hockey Club) ) Acting Director Judy Nevis today announced the award of $67.8 million in state-dispensed federal funding to provide housing opportunities for 1,300 lower income Californians in rural and small communities. The funding is through the Federal Home Investment Partnerships Program (HOME) and comes in the form of grants to cities and counties and low interest loans to community housing development organizations. "Governor Schwarzenegger understands the need for affordable housing in California and has made it a priority for his administration," said state Business, Transportation & Housing Agency Secretary Sunne Wright McPeak. "This new funding will go a long way towards helping many families achieve the dream of homeownership." HCD awards these funds to cities, counties, and non-profit corporations that do not receive HOME funds directly from the U.S. Department of Housing and Urban Development (HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. ). At least 50 percent of the funds must be awarded to rural applicants and may be used to build apartments or single family homes, to rehabilitate re·ha·bil·i·tatev. 1. To restore to good health or useful life, as through therapy and education. 2. To restore to good condition, operation, or capacity. apartment homes, and to provide down payment assistance, first-time homebuyers First-Time Homebuyer An IRA owner who is exempt from the early-distribution penalty (which applies to IRA distributions that occur before the IRA owner reaches age 59.5) for distributing funds from his or her IRA to buy, build, or rebuild a home when having had no interest in a or rental assistance. "Our rural and small communities are home to hard-working Californians whose efforts are critical to the vitality vi·tal·i·ty n. 1. The capacity to live, grow, or develop. 2. Physical or intellectual vigor; energy. of our economy," said Acting Director Nevis. "These awards will help California's essential workforce and their families find urgently needed safe and affordable housing." Rural and Small Community Awards Statewide Throughout California, rural and small communities received $26.7 million to provide housing for 445 families in 13 different cities through the HOME Program for affordable housing. (For details, see Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. .) Additional Awards by Region Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Small communities in the Los Angeles Region were awarded $13.5 million to provide housing for 274 families per year in 6 different cities. (For details, see Editor's Note.) Greater Sacramento/Stockton -- Communities in the Greater Sacramento/Stockton Region were awarded $12.5 million to provide housing for 288 families in 4 different cities. (For details, see Editor's Note.) Central Valley -- Central Valley communities received $11.5 million to provide housing for 350 families per year in 10 different cities in the Central Valley. (For details, see Editor's Note.) Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. -- Inland Empire communities received $7.7 million to provide housing for 147 families in 2 different cities. (For details, see Editor's Note.) San Francisco/Bay Area -- Small communities in the San Francisco/Bay Area received $4.5 million to provide housing for 66 families. (For details, see Editor's Note.) Editor's Note: For an electronic copy of this release, go to: www.hcd.ca.gov/news/release/12052005_Press_Release.pdf For a listing of total awards by Regions, go to: www.hcd.ca.gov/fa/Media_Markets.pdf For a listing of total awards by Program, go to: www.hcd.ca.gov/fa/All_Awards.pdf For further information, please contact: jhuston@hcd.ca.gov |
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