City of Reading to Receive $5 Million in Grant Allocations
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Reading Mayor Thomas McMahon announced that the City of Reading has recently been awarded the following grant allocations from the U.S. Department of Housing and Urban Development (HUD) and the Office of Community Planning and Development (CPD) for FY 2010:
• Community Development Block Grant $3,360,585.00
• HOME Investment Partnerships $1,068,114.00
• Emergency Shelter Grants $135,899.00
The combined funding of $5,103,000 is up slightly from fiscal year 2009 funding levels.
These funds are in addition to the recently awarded Neighborhood Stabilization Program in
the amount of $5 million designed to target foreclosed houses within the City, and the
Homelessness Prevention and Rapid Re-Housing Program (HPRP) in the amount of $1.1 million.
“We will leverage these funding streams to implement new initiatives to stabilize housing and neighborhoods in targeted areas of the City,” McMahon said. “I am pleased our City is competing very favorably in securing federal funds to support our local efforts.”
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Please contact the Community Development Department with any inquires into the nature of
these programs or visit http://www.readingpa.gov/
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