Today, U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan addressed the National Association of Regional Councils and announced that HUD’s fiscal year 2013 budget proposal includes $100 million to fund Regional Planning and Community Challenge Grants. The grants are part of the Partnership for Sustainable Communities, which is an association between HUD, the U.S. Department of Transportation, and the U.S. Environmental Protection Agency joining the federal government with local partners in taking a pragmatic, regional approach to problem solving that supports local leadership, local resources, and local innovation.
“An American economy built to last needs strong local and regional economies that include a wide range of businesses and attract a diverse workforce,” said HUD Secretary Shaun Donovan. “The Sustainable Community Grants are a blue print for regional and local governments to plan for their economic future, and in this budget we are seeking restoration of those funds from Congress.”
The Sustainability Grants have been critical to the nation’s economic recovery and over the last two years, HUD has awarded 152 grants, totaling $240 million that have in turn secured almost $253 million in private investment and commitments from local partners. The communities that have received these grants vary from rural communities in West Virginia and South Dakota to cities like Pittsburgh, Indianapolis, Austin and Memphis; who through these grants have partnered with their local business community to create sustainable economic development plans.
Read more...HUD BUDGET CALLS FOR RENEWAL OF SUSTAINABLE COMMUNITIES GRANTS via RealEstateRama
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