Kagen Announces Over $1.7 Million for Green Bay

FOR IMMEDIATE RELEASE

July 26, 2010

KAGEN ANNOUNCES OVER $1.7 MILLION FOR GREEN BAY

Grants will help City of Green Bay achieve development priorities

WASHINGTON, D.C.- Congressman Steve Kagen, M.D. continues to work hard to build a better community for all of us. Today, Kagen announced two grants totaling over $1.7 million for the City of Green Bay.  The grants announced under the Community Grants Program will help the city complete projects, including those critical to economic development and job creation.

“Make no mistake- the economic health of Green Bay is one of my top priorities” said Dr. Kagen.  “I am pleased to announce this critical investment in our community, and will continue to work hard in support of development to strengthen the City of Green Bay.” 

The grants were announced as a part of the Community Development Block Grant program and the HOME program in the amounts of $1,101,534 and $638,709 respectively.

The Community Development Block Grant (CDBG) program is an important tool for helping local governments tackle serious challenges facing their communities.  CBDG’s differ from categorical grants, made for specific purposes, in that they are subject to less federal oversight and are largely used at the discretion of the state and local governments and their sub-grantees.  Among other things, the CDBG program can be used for vital development projects and to create jobs through the expansion and retention of businesses.

Participating jurisdictions may choose use HOME funds to provide home purchase or rehabilitation financing assistance to eligible homeowners and new homebuyers; build or rehabilitate housing for rent or ownership; or for "other reasonable and necessary expenses related to the development of non-luxury housing," including site acquisition or improvement, and demolition of dilapidated housing.

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