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MARTINEZ APPLAUDES OVER $25 MILLION IN HUD GRANTS AWARDED TO FLORIDA NONPROFITS

October 31, 2006 -

U.S. Senator Mel Martinez today applauded the U.S. Department of Housing and Urban Development (HUD) award of $25,932,100 in grants to the Archdiocese of Miami, the Catholic Charities, Diocese of St. Petersburg Inc., and the Miami Beach Community Development Corporation. The funds, provided through HUD’s Section 202 program, help nonprofits build, acquire, and rehabilitate rental housing with supportive services for the low-income elderly.

“These HUD grants are a vital resource for nonprofit organizations that provide affordable and safe housing to our valued elderly. These funds will enable these organizations to advance their mission of helping the elderly, while supplying affordable housing and improve living conditions for those who might otherwise be forgotten,” Martinez said. “These grants and the continued efforts of these organizations are examples of the kind of care and respect our elderly deserve.”

HUD’s Section 202 program grants provide interest-free capital advances to nonprofit sponsors in order to supply low-income housing to our nation’s elderly, allowing them to continue to live independently. The grants will assist in supporting activities such as cleaning, cooking, and transportation, which will be included in tenants monthly rent. The capital advance does not have to be repaid provided that the project serves very low-income elderly persons for 40 years.

Nonprofits receiving the HUD Section 202 Grants are:

Archdiocese of Miami
Amount: $12,079,000.00
Location: Miami, Florida

Catholic Charities, Diocese of St. Petersburg Inc.
Amount: $8,666,200.00
Location: St. Petersburg, Florida

Miami Beach Community Development Corporation
Amount: $5,186,900.00
Location: Miami Beach, Florida