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Durbin Announces More Than $2.35 Million in Funding For South Suburban Chicago Development Initiative

WASHINGTON, D.C.–(ENEWSPF)–October 20, 2010.  Assistant Senate Majority Leader Dick Durbin (D-IL) today announced that the U.S. Department of Housing and Urban Development (HUD) has awarded a $2,351,848 Community Challenge Planning grant to the South Suburban Mayors and Managers Association to help fund a residential development plan that will foster job growth in the region.

“This funding will promote job growth, improve livability, and create more sustainable communities in south suburban Chicago,” said Durbin.

The South Suburban Mayors and Managers Association’s redevelopment plan aims to foster job growth along the region’s freight rail network and stimulate residential development along existing transit systems. The plan will also promote walkable, energy-efficient neighborhoods well-connected to multiple transportation options, generating transportation cost savings for an estimated 2,500 households and adding roughly $6.8 million per year to the region’s wealth.

The Department of Housing and Urban Development’s Community Challenge Planning Grant program aims to foster reform and reduce barriers to achieving affordable, economically vital, and sustainable communities. The program also supports the development of affordable housing through the adoption of inclusionary zoning ordinances and acquisition of land for affordable projects.

 

Source: durbin.senate.gov

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