FOR IMMEDIATE RELEASE: August 4, 2009

CONTACT: Brigid O’Rourke, 617-565-8252

BOSTON – Senators John Kerry and Edward Kennedy, together with Congressman Edward Markey today announced that Malden will receive a total of $4,402,357 from the U.S. Department of Housing and Urban Development for critical housing programs in the city.

The federal funding comes as part of three national grant programs. The city will receive $1,555,634 as part of the Community Development Block Grants (CDBG) program and $2,846,723 as part of the HOME program.

"This investment is a lifeline for cities across Massachusetts that have been drowning under busted budgets and the housing crunch. It’ll put people to work while allowing hundreds of low and moderate income families in Malden to keep a roof over their heads,” said Senator Kerry.

Senator Kennedy said, "This federal assistance is essential for Malden and many other cities and towns across our Commonwealth that face extraordinary budget costs because of the current economic crisis. These grants will enable Malden to create and retain important jobs while providing essential shelter and other services for families in need."

“This funding will provide much-needed assistance to those who need it most during these difficult economic times,” said Markey. “The town of Framingham has long been a leader in supporting its citizens who have fallen on hard times, and this money will assist the town as it maintains one of the most important services of all: keeping its residents in their homes with a roof over their heads.”

The CDBG program is a critical part of the Federal government’s efforts to help more cities, urban areas, and states meet the needs of low- and moderate-income communities. The CDBG program provides funding for homeownership assistance, housing rehabilitation, public improvements, public services, and economic development projects.  

The HOME program helps to expand the supply of decent, affordable housing to low- and very low-income families by providing grants to communities to fund housing programs that meet local needs and priorities.