Press Releases
February 10, 2012
HUD Awards GHURA $1,174,617 in Federal Grants
Congresswoman Madeleine Z. Bordallo today announced that the U.S. Department of Housing and Urban Development (HUD) has awarded the Guam Housing and Urban Renewal Authority (GHURA) $1,174,617 in federal financial assistance. The formula grant was made available through the 2012 Capital Fund program.
The Capital Fund program provides financial assistance for Public Housing Agencies throughout the nation for capital and management activities, including modernization and development of public housing. This program also provides funds for financing activities for public housing developments, including payments of debt service and customary financing costs.
“These funds will help modernize and upgrade GHURA housing inventory on Guam,” Congresswoman Bordallo said today. “The grant highlights the federal government’s continued support for public housing programs, and it will help improve the services and facilities that GHURA provides. I look forward to these funds benefiting our island community.”