Woonsocket Receives Nearly $2 Million in HUD Funds
WASHINGTON, DC - The U.S. Department of Housing and Urban Development (HUD) today informed U.S. Senator Jack Reed (D-RI) that Woonsocket will receive $1,958,310 in federal funding to revitalize neighborhoods, expand affordable housing and shelter for the homeless, and to spur economic development.The funds are provided through three different HUD programs: the Community Development Block Grant Program (CDBG), the Home Investment Partnership Program (HOME), and the Emergency Shelter Grant Program (ESG).Community Development Block Grant Program: $1,356,180Home Investment Partnership Program:$544,272Emergency Shelter Grant Program:$57,858TOTAL: $1,958,310This funding provides safe, decent, affordable housing for working families and seniors in Woonsocket, said Reed. It allows our communities to continue efforts to ensure that current affordable housing is properly maintained and to provide emergency shelter and assistance to those most in need.The CDBG program funds programs that are designed to assist low- and moderate-income residents, including rehabilitating public buildings, providing low-cost loans and increasing economic development services to neighborhood and senior centers. The HOME program will allocate funding to assist in rehabilitating housing and the production of affordable rental and homeowner housing.ESG funds will be distributed to public and private organizations for assistance in providing emergency shelters for the homeless.Reed is the ranking member of the Senate Housing Subcommittee, which oversees federal housing issues.