Bush Administration Awards Community Development Grants to 22 HBCUs

 Bush Administration Awards Community Development Grants to 22 HBCUsTwenty-two historically Black colleges and universities will receive $10.7 million to revitalize distressed neighborhoods near their campuses by expanding their role and effectiveness in neighborhood revitalization, housing and economic development, HUD Deputy Secretary Alphonso Jackson announced last month.
“These grants will help ensure these colleges continue to educate many of the nation’s African American physicians, lawyers and business leaders while also being able to revitalize the communities that surround them,” Jackson said.
The HBCU program funds grantees to carry out projects designed primarily to benefit low- and moderate-income residents, help prevent or eliminate slums or blight, or meet urgent community development needs in their localities. The grants can be used for activities such as: acquiring real estate; demolition; homeownership assistance to low- and moderate income persons; special economic development activities; and rehabilitation of residential, commercial or industrial buildings to correct code violations. 
—  By Charles Dervarics



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