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Press Release

BOND ANNOUNCES $98 MILLION IN HOUSING FUNDS TO HELP LOW INCOME FAMILIES IN MISSOURI

Contact: Rob Ostrander 202.224.7627 Shana Stribling 202.224.0309
Wednesday, July 7, 2004

WASHINGTON, DC - Senator Kit Bond today announced that Missouri will receive more than $98 million in federal funding from the Department of Housing and Urban Development (HUD).

“These programs can make a real difference,” said Bond, chairman of the Senate Appropriations Subcommittee that funds HUD. “ I believe everyone deserves safe and affordable housing and those who are less fortunate should receive the help they need.”

The following Missouri areas will receive $98,606,802 in HUD funds:

Kansas City will receive $15,283,534 for the following programs:

* Community Development Block Grant $10,741,000

* Emergency Shelter Grants $398,752

* HOME Investment Partnership Program $3,165,782

* Housing Opportunities for Persons with AIDS $978,000

The Missouri State Program will receive $47,582,434 for the following programs: * Community Development Block Grant $28,404,120

* Emergency Shelter Grants $1,362,331

* HOME Investment Partnership Program $17,319,983

* Housing Opportunities for Persons with AIDS $496,000

St. Louis will receive $31,743,878 for the following programs:

* Community Development Block Grant $24,898,000

* Emergency Shelter Grants $927,837

* HOME Investment Partnership Program $4,701,041

* Housing Opportunities for Persons with AIDS $1,217,000

St. Louis County will receive $10,244,956 for the following programs: * Community Development Block Grant $6,480,000

* Emergency Shelter Grants $245,192 * HOME Investment Partnership Program $3,519,764

St. Peters City will receive $232,000 for the Community Development Block Grant.

HUD's Community Development Block Grant funds are used to provide housing and expand economic opportunities for low- and moderate-income families through a number of activities such as buying property; construction/reconstruction of streets, water and sewer facilities, neighborhood centers, recreation facilities; demolition; rehabilitation of public and private buildings; and public services. The HOME Investment Partnership Program funds the building, buying and rehabilitation of affordable housing for rent or home ownership and provides direct rental assistance to low-income people.

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