July 16, 2009

Bingaman & Udall: New Mexico Communities To Benefit from $1.6 Million in Stimulus Funds

WASHINGTON - U.S. Senators Jeff Bingaman and Tom Udall today announced that the federal government is releasing over $1.6 million in American Recovery and Reinvestment Act grant funding to support housing and economic development projects in New Mexico.

"This funding for communities across our state will help meet the housing needs of many in New Mexico, while creating much needed jobs," Bingaman said.

"The Community Development Block Grant program is important to preserving and rehabilitating affordable housing infrastructure. This funding will support New Mexico's efforts in maintaining and improving public facilities and affordable housing in our hardest hit communities," said Udall.

Funding was released through the U.S. Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) Program, which primarily benefit low- to moderate-income families. CDBG enables state and local governments to undertake a wide range of activities intended to create suitable living environments, provide affordable housing and create economic opportunities.

Funding will be distributed as follows:

• Albuquerque $1.18 million
• Farmington $116,504
• Las Cruces $269,562
• Rio Rancho $84,497