Cities Awarded Job Creation Grants.
The funds, administered by the U.S. Department of Housing and Urban Development (HUD), involve $183.5 million in Section 108 Economic Development Loan Guarantees to fund job creation, housing rehabilitation, and the construction of public facilities and large-scale development programs, and $29.5 million under HUD's Economic Development Initiative program to finance jobcreating economic development projects for low- and moderate-income people.
Most of the awarded projects had been planned and applied for by cities previously. The financial awards range in size from $29.9 million (Philadelphia) to $497,000 (Troy, N.Y.), with the median grant in the $6.4 million range.
Details: Vice President's Office, 202-456-7035.
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|Publication:||Nation's Cities Weekly|
|Date:||Nov 30, 1998|
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