WASHINGTON, D.C. — U.S. Congressman John L. Mica (R-7th District) announced today that U.S. Department of Housing and Urban Affairs awarded the City of Maitland a Federal grant of $235,200 through the Economic Development Initiative(EDI)program.  This grant is to reimburse Maitland for the recently completed Minnehaha Park Development.
Congressman Mica said, “I have worked with local residents and officials to better our community.  Through the redevelopment of the Minnehaha Park, Central Floridians will have a better place to live, retire, raise their families.”
EDI programs provides grants to local governments to enhance both the security of loans guaranteed through the Section 108 Loan Program and the feasibility of the economic development and revitalization projects they finance.  The Section 108 Loan Guarantee is one of the most important HUD programs offered to local governments.  Section 108 is a provision of the Community Development Block Grant (CDBG) program and is a source of financing for the economic development, housing rehabilitation, public facilities rehabilitation, construction or installation for the benefit of low- to moderate-income persons, or to aid in the prevention of dilapidated housing.