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HUD ANNOUNCES NEARLY $60 MILLION FOR WISCONSIN IN HOUSING AND COMMUNITY DEVELOPMENT FUNDS

Fifteen communities in Wisconsin will receive nearly $60 million in federal assistance to stimulate local economies, promote affordable housing and help the homeless, Housing and Urban Development Secretary Mel Martinez announced today.

"These grants do so much good for so many people," Martinez said. "This money helps communities do the critical work of stimulating business development and job growth, providing affordable housing and helping our most vulnerable neighbors."

The funding announced today includes:

Appleton -- $732,000 Beloit -- $863,000 Dane County -- $1.2 million Green Bay -- $2 million Janesville-- $684,000 Kenosha -- $2 million Madison -- $4.3 million Milwaukee -- $33.2 million

Milwaukee County -- $2.9 million Racine -- $3.7 million Superior -- $1.1 million Waukesha County -- $3 million Wausau -- $857,000 Wauwatosa -- $1.4 million West Allis -- $1.6 million

First awarded in 1974, Community Development Block Grant (CDBG) funds enable state and local governments to target their own economic development priorities. Although the rehabilitation of affordable housing has traditionally been the largest single use of the grants, the program is also an increasingly important catalyst for economic development activities that expand job and business opportunities for lower income families and neighborhoods.

HOME (Home Investment Partnerships Program) is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households. Since 1992, more than a half million affordable housing units have been acquired, constructed or rehabilitated and nearly 70,000 tenants have received direct rental assistance. In addition, more than 200,000 new homebuyers have received assistance to purchase their first homes through the HOME program.

HUD's block grant programs are distributed by formula around the country based on criteria including population, income levels, poverty rates and age of housing stock. Below is a summary of HUD funding for each of the communities:

• Appleton -- $732,000 in Community Development Block Grant (CDBG) funds.
  
  
• Beloit -- $863,000 in Community Development Block Grant funds.
  
  
• Dane County -- $1,211,000 in Community Development Block Grant funds.
  
  
• Green Bay -- $1,244,000 in Community Development Block Grant funds and $792,000 under the HOME Investment Partnership program.
  
  
• Janesville -- $684,000 in Community Development Block Grant funds.
  
  
• Kenosha -- $1,399,000 in Community Development Block Grant funds and $658,000 under the HOME Investment Partnership program.
  
  
• Madison -- $2,554,000 in Community Development Block Grant funds and $1,656,000 under the HOME Investment Partnership program.
  
  
• Milwaukee -- $22,596,000 in Community Development Block Grant funds and $9,402,000 under the HOME Investment Partnership program.
  
  
• Milwaukee County -- $1,767,000 in Community Development Block Grant funds and $1,178,000 under the HOME Investment Partnership program.
  
  
• Racine -- $2,663,000 in Community Development Block Grant funds and $1,001,000 under the HOME Investment Partnership program.
  
  
• Superior -- $1,139,000 in Community Development Block Grant funds.
  
  
• Waukesha County -- $1,661,000 in Community Development Block Grant funds and $1,365,000 under the HOME Investment Partnership program.
  
  
• Wausau -- $857,000 in Community Development Block Grant funds.
  
  
• Wauwatosa -- $1,369,000 in Community Development Block Grant funds.
  
  
• West Allis -- $1,625,000 in Community Development Block Grant funds.

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(Note: Communities that choose to receive their block grants at other times of the year are not included in today's announcement.)