FOR IMMEDIATE RELEASE: October 1, 2007
Schumer Announces Federal Dollars Coming To Bishop Sheen Ecumenical Housing Foundation In Monroe County
Federal Funds Will Be Used to Rehabilitate 28 Low Income Owner-Occupied Housing Units Through Structural Repair
U.S. Senator Charles E. Schumer today announced that a grant of $90,000 has been awarded to Bishop Sheen Ecumenical Housing Foundation, Inc. The funds are being awarded through the United States Department of Agriculture's (USDA) Rural Development Housing Preservation Grant program.
“This is great news for
These funds will be used to rehabilitate twenty-eight low income owner-occupied housing units through structural repair. This will include new roofs, septic and water systems, furnaces, energy conservation, and interior alterations to alleviate overcrowding and improve accessibility by persons with physical disabilities.
The Housing Preservation Grant (HPG) program provides grants to sponsoring organizations for the repair or rehabilitation of low- and very low-income housing. Those assisted must own very low- or low-income housing, either as homeowners, landlords, or members of a cooperative. Very low income is defined as below 50 percent of the area median income (AMI); low income is between 50 and 80 percent of AMI. Eligible sponsors include state agencies, units of local government, Native American tribes, and nonprofit organizations. HPG funds received by the sponsors are combined with other programs or funds and used as loans, grants, or subsidies for recipient households based on a plan contained in the sponsor's application. Funds must be used within a two-year period.