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Alexander Announces HUD Funding for Ferriday
09/08/09FOR IMMEDIATE RELEASE | September 8, 2009
CONTACT: Jamie Hanks | (202) 225-8490
WASHINGTON, D.C. – U.S. Rep. Rodney Alexander, R-Quitman, today announced that the U.S. Department of Housing and Urban Development (HUD) will award $300,000 to the Macon Ridge Community Development Corporation in Ferriday, La.
This grant is made available thought HUD’s Rural Housing and Economic Development Program. The funding is part of the $25 million HUD is awarding to 85 rural housing programs throughout the country.
Macon Ridge Community Development Corporation will use this award to assist in the rehabilitation of 24 single family homes and the construction of 40 new affordable single family homes. In addition, this grant will promote business entrepreneurship, create 80 new jobs for low-income residents, develop revolving loan funds and provide hands-on training in the construction trade.
Alexander said this grant award would go a long way in helping Ferriday address two critical needs – providing affordable housing and creating jobs.
“The 5th Congressional District is one of the poorest regions in America,” said Alexander. “I am confident this funding will further develop and strengthen Ferriday by providing the means to boost the local economy and provide affordable, quality housing to residents.”
Partners involved in the project are Delta Bank and Louisiana Housing Finance Agency. For further information, please contact Lloyd Spiller, (318) 757-2361.
CONTACT: Jamie Hanks | (202) 225-8490
WASHINGTON, D.C. – U.S. Rep. Rodney Alexander, R-Quitman, today announced that the U.S. Department of Housing and Urban Development (HUD) will award $300,000 to the Macon Ridge Community Development Corporation in Ferriday, La.
This grant is made available thought HUD’s Rural Housing and Economic Development Program. The funding is part of the $25 million HUD is awarding to 85 rural housing programs throughout the country.
Macon Ridge Community Development Corporation will use this award to assist in the rehabilitation of 24 single family homes and the construction of 40 new affordable single family homes. In addition, this grant will promote business entrepreneurship, create 80 new jobs for low-income residents, develop revolving loan funds and provide hands-on training in the construction trade.
Alexander said this grant award would go a long way in helping Ferriday address two critical needs – providing affordable housing and creating jobs.
“The 5th Congressional District is one of the poorest regions in America,” said Alexander. “I am confident this funding will further develop and strengthen Ferriday by providing the means to boost the local economy and provide affordable, quality housing to residents.”
Partners involved in the project are Delta Bank and Louisiana Housing Finance Agency. For further information, please contact Lloyd Spiller, (318) 757-2361.
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