WASHINGTON, D.C. – U.S. Senator Kit Bond, Ranking Member of the Senate subcommittee that funds the Department of Housing and Urban Development (HUD), today announced that Columbia and Jefferson City have each been awarded funding from HUD’s Community Development Block Grant (CBDG) program.

 

            Columbia will receive $854,961 from the CDBG program and an additional $653,470 from the Department’s HOME program. Jefferson City will receive $320,518 in CDBG funds.

 

            “We face a real shortage of safe and affordable housing in Missouri and across the nation,” said Bond, a Senate leader in the fight to provide affordable housing for low-income, working families. “While these funds will help local leaders in Columbia and Jefferson City to meet the needs of their communities, there is still more work to be done.”  

 

            The CDBG program provides annual grants to states and local governments to ensure communities are able to offer safe, affordable housing and create jobs through the expansion and retention of businesses.

 

            The HOME program provides grants to states and local communities– often in partnership with non-profit organizations – to build, buy or rehabilitate housing that can be rented or sold as well as provide direct rental assistance to people in need of affordable housing.

 

            Earlier this year, Bond led the fight to provide $2 billion to fund low-income housing tax credit projects that have been stalled by the financial credit crisis and whose delay has contributed to the shortage of affordable housing seen across the nation.

 

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