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HUD provides $1 million to city program

The U.S. Department of Housing and Urban Development today awarded $1 million to the city of Rochester’s Home Ownership Improvement Program.
The program is aimed at helping low and moderate income families purchase and rehabilitate homes. The grant will enable the city to provide property improvement grants to new homeowners.
Rochester’s home ownership rate of 44 percent pales compared with the U.S. rate of 67.7.
“Home-ownership is the surest way to build strong neighborhoods and strong cities,” said Andrew Cuomo, HUD’s secretary.
To obtain financial assistance from the city’s program, a family of four should have no more than $41,900 as annual income.
A city-HUD initiative launched in May has resulted in the sale of more than 100 homes.

HUD provides $1 million to city program

U.S. Department of Housing and Urban Development today awarded $1 million in HUD Neighborhood Initiative funds to the city of Rochester. The funds go to the city’s Home Ownership Improvement Program to help more low- and moderate-income families purchase and rehabilitate homes. Rochester’s home ownership rate of 44 percent pales compared with the U.S. rate of 67.7 percent.

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