U.S. Government Allocates $91M to Address Puerto Rico Housing Shortage
The federal Department of Housing and Urban Development will allocate $91 million to more than two dozen Puerto Rican municipalities to alleviate the constantly increasing housing shortage caused by the economic crisis that has prevailed on the island for almost seven years.
The Puerto Rican representative to Congress in Washington, Pedro Pierluisi, announced the HUD plan on Monday.
The funds will be channeled through several different HUD initiatives: the subsidy program for community development; the HOME program, the program for emergency shelters; and the housing program for people with HIV/AIDS.
The HOME program specifically increases the number of available dwellings at reasonable prices for low-income families by providing federal funds to finance building projects.
The program for emergency shelters provides federal funds to government and private entities with the aim of improving the quality and quantity of shelters for homeless individuals.
The housing program for people with HIV/AIDS provides aid to people with few resources who have been diagnosed with the disease and who are also experiencing problems finding a place to live.
Housing prices in Puerto Rico reached historic highs in 2007-2008 and then, coinciding with the bursting of the real estate bubble and other factors that caused a deep recession, began a downward plunge accompanied by restrictions on mortgage lending by banks.
Published in Latino Daily News
Source: http://www.hispanicallyspeakingnews.com/latino-daily-news/details/u.s.-government-allocates-91m-to-address-puerto-rico-housing-shortage/30677#When:23:16:41Z
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
And yet the Gov can’t find the money to take care of our vets…amazing.