Washington, DC – July 23, 2015 – (RealEstateRama) — Representative Sean Patrick Maloney (NY-18) announced a $3,592,530 investment by the Department of Housing and Urban Development for Orange County for Community Development Block Grants (CDBG) and HOME. Both of these programs promote economic growth through housing assistance and expanding local economic projects.
“These critical investments in our community will help ensure a brighter future for all of us,” said Rep. Maloney. “CDBG and HOME allow Orange County to complete essential economic development projects that will create good paying jobs and affordable housing to boost the economy in the Hudson Valley.”
“We are appreciative that Congressman Maloney has helped obtain these much needed funds. I certainly realize how important they are when it comes to supporting ongoing efforts for community development across Orange County. I look forward to working with Congressman Maloney to serve areas throughout the County that can benefit from this funding,” said Orange County Executive Steven M. Neuhaus.
The CDBG program provides annual grants to states and local units of government to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low-and moderate-income persons.
The HOME program helps to expand the supply of decent, affordable housing in low- and very low-income families by providing grants to states and local governments to fund housing programs that meet local needs and priorities.