Wednesday, September 12, 2007
U.S. Housing and Urban Development Secretary Alphonso Jackson today announced 14 historically black colleges and universities will receive $8.4 million to help revitalize neighborhoods near their campuses.
S.C. State University will receive $600,000, the top amount given to any institution.
HUD's HBCU program funds grantees to carry out projects designed primarily to benefit low- and moderate-income residents by helping 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.
Since 1991, HUD has awarded more than $67 million to HBCUs to stimulate economic and community development activities.