$950K grant aids housing agency
September 17, 2005 ; As originally appeared in Stamford
Advocate, by Tobin A. Coleman
STAMFORD -- The U.S. Department of the Treasury
has awarded a $950,000 Community Development Financial Institution
grant to the Stamford-based Housing Development Fund Inc.
for affordable housing projects, according to U.S. Rep. Christopher
Shays, R-Bridgeport.
HDF will use the $950,000 financial assistance
award as loan capital to establish a program to help low-income,
predominantly minority residents and families purchase and
rehabilitate homes in specific areas of Fairfield County.
"We are thrilled about all the possibilities
of helping more low- and moderate-income households reach
home ownership, improve their housing and expand affordable
rental stock," Joan Carty, executive director of the
fund, said in a statement. "The...grant will allow us
to assist many more low-and moderate-income residents, and
is a phenomenal investment in and belief in our future. This
generous grant gives us powerful energy to continue and expand
out goals."
HDF was established in 1989 to promote the
development, rehabilitation and preservation of affordable
housing in Fairfield County.
"HDF helps families in Fairfield County
achieve the American Dream of home ownership." Shays
said.
"I am grateful for their good work and
the support of the Treasury Department to help make this area
more affordable for families who need help," he said.
Fairfield County consistently ranks among
the top three most expensive areas in the country to buy or
rent housing.
Copyright
© 2005, Southern Connecticut Newspapers, Inc.
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