Alexander, Frist Announce Over $4.7 Million In HUD Grants For West Tennessee

Posted on August 23, 2004

WASHINGTON - U.S. Senators Bill Frist (R-TN) and Lamar Alexander (R-TN) today announced that 14 West Tennessee cities will receive a total of over $4.7 million dollars in Capital Fund Program grants from the U.S. Department of Housing and Urban Development (HUD). "HUD's investment in West Tennessee will encourage a sense of community, foster job growth and ensure every family has a place to call home," said Frist. "This funding is a significant step for economic development throughout West Tennessee." "I appreciate HUD's investment to help strengthen Tennessee communities," Alexander said. "These funds will revitalize neighborhoods across 14 West Tennessee cities, giving families better places to live. Senator Frist and I will continue to work with HUD Secretary Alphonso Jackson to bring needed improvements to Tennessee." The Capital Fund is awarded on an annual basis to 3,160 public housing authorities (PHAs) nationwide. For fiscal year 2004, Tennessee has received over $59.8 million to 82 PHAs, including $4,707,657 to 14 PHAs in West Tennessee: Bolivar $192,299 Brownsville $286,927 Covington $463,873 Dyersburg $1,054,284 Humboldt $348,909 Lexington $217,331 Martin $416,658 McKenzie $254,519 Milan $165,270 Paris $344,878 Parsons-Decaturville $126,925 Ripley $444,101 Trenton $361,418 Union City $391,683 The Capital Fund may be used for a variety of activities including modernization, development, financing and management improvements. Grant amounts may also include replacement housing factor grants (RHF) for those PHAs that demolished or disposed of public housing units in prior year(s). An RHF grant must be used to build new developments or acquire and rehabilitate a development. Tennessee will receive a total of $59,810,617 in HUD Capitol Fund Program grants.