Jeff Bingaman United States Senator from New Mexico

WASHINGTON – U.S. Senator Jeff Bingaman today announced that the State of New Mexico and the City of Albuquerque will benefit from over $29 million in grant funding from the U.S. Department of Housing and Urban Development (HUD).

“This significant investment in our state will help meet the housing needs of many New Mexicans,” Bingaman said.

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

• $14 million – Community Development Block Grant (CDBG): Funding supports the development of viable urban communities by providing decent housing and a suitable living environment for low-income persons.

• $7.31 million – HOME: The HOME program provides grants to fund housing programs that meet local needs and priorities.

• $721,695 - Emergency Shelter Grants (ESG): The Emergency Shelter Grants (ESG) program helps improve the quality and the number of emergency homeless shelters.

• $532,000 - 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.

• $35,813 - American Dream Down payment Initiative (ADDI): The American Dream Down payment Initiative (ADDI) works to promote homeownership opportunities by providing necessary resources for down payment and closing cost assistance to low-income and minority households.

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

• $4.35 million – CDBG

• $2.24 million – HOME

• $193,862 - Emergency Shelter Grants (ESG)

• $20,294 - American Dream Down payment Initiative (ADDI)