Loading ...Pittsburgh denied HUD funds for neighborhood stabilization
by Mountain Girl ~ January 26th, 2010. Filed under: Latest News.City denied millions in stimulus funds
Pittsburgh’s long-term decline wasn’t considered in HUD application
Tuesday, January 26, 2010 |
By Diana Nelson Jones,
Pittsburgh Post-Gazette
Pittsburgh officials are reeling from the blow of being turned down for a second round of stimulus money for neighborhood stabilization. The city applied for $29 million and believed itself in good stead for some funding. Congress stipulated that HUD disburse it to mitigate the effects of foreclosure. “When I heard the news I was absolutely positive it was wrong,” said Urban Redevelopment Authority Executive Director Rob Stephany. “We put together a great application.” The only feedback from the U.S. Department of Housing and Urban Development has been that the agency was deluged with applications, seven times what it anticipated, he said. Andrea Mead, a HUD spokeswoman in Washington, D.C., said that under the American Recovery and Reinvestment Act, $2 billion was available in this round and applicants requested more than $15 billion. The applications were scored using six factors, the weightiest being need and demonstration of capacity to use the money effectively, she said. READ MORE.
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