Funds Available for Housing in Rural Communities

December 28, 2010
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HUD is making $25 million in grants available to help rural and tribal communities struggling to address distressed housing conditions and concentrated poverty. The agency's new Rural Innovation Fund will promote an “entrepreneurial approach” to affordable housing and economic development in rural areas.

In announcing the funding, HUD Secretary Shaun Donovan said the grants will “stimulate new approaches to old problems, particularly in areas struggling with poor housing conditions and deep poverty.”

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