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Bingaman: Over $27 Million to Benefit New Mexico Housing Programs Print Share

Tuesday, June 14, 2011

WASHINGTON – U.S. Senator Jeff Bingaman today announced that the State of New Mexico and the City of Albuquerque will benefit from over $27 million in grant funding from the U.S. Department of Housing and Urban Development (HUD).

"This funding will help New Mexico meet the housing needs of some of its most vulnerable citizens," Bingaman said.

The State of New Mexico will benefit from HUD funds for the following programs:

  • $13.1 million - Community Development Block Grants (CDBG): The program provides grant 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.
  • $7.15 million – HOME: The HOME program provides grants to fund housing programs that meet local needs and priorities.
  • $731,214 - Emergency Shelter Grants (ESG): The Emergency Shelter Grants (ESG) program helps improve the quality and the number of emergency homeless shelters.
  • $280,246 - Housing Opportunities for Persons with AIDS (HOPWA): The Housing Opportunities for Persons with AIDS (HOPWA) supports efforts that aim to help low-income individuals with AIDS maintain housing.

The City of Albuquerque will receive funding under the following programs:

  • $3.99 million – CDBG
  • $2.18 million – HOME
  • $193,783 – ESG
  • $324,634 – HOPWA

Also, Tierra del Sol Housing Corporation in Las Cruces has been awarded a $866,898 Self-Help Home Ownership Opportunity Program grant from the HUD.  The New Mexico nonprofit can use the funding to purchase home sites and develop or improve the infrastructure needs as part of its homeownership program, which makes it possible for low-income residents to purchase a home while remaining on solid financial ground.