Congressman Thompson ANNOUNCES HUD Funds awarded to the Second Congressional District
BOLTON, MI – May 25, 2012 – (RealEstateRama) — United States Representative Bennie G. Thompson (D-MS) announced The United States Department of Housing and Urban Development has awarded Economic Development Initiative-Special Purpose funds to the Second Congressional District.
The following FY 2005 Economic Development Initiative-Special Purpose grants have unexpended balances which by statue, is subject to cancellation if not drawn down and received by grantees prior to the September 30, 2012 deadline. The purpose of EDI grant funds is to further minimize the potential loss of future Community Development Block Grant allocations by:
a. Strengthening the economic feasibility of the projects financed with Section 108 funds (and thereby increasing the probability that the project will generate enough cash to repay the guaranteed loan);
b. Directly enhancing the security of the guaranteed loan; or
c. Through a combination of these or other risk mitigation techniques.
City of Jackson
$793,600.00
Mayor Harvey Johnson
601-960-1084
Martin Luther King Association
$248,000.00
Mr. Herman Edwards
601-212-6783
Mississippi Valley State University
$72,168.00
Dr. Donna Oliver
662-254-3434
Mississippi Valley State University
$96,224.00
Dr. Donna Oliver
662-254-3434
Contact:
Stephanie Booker
601-866-9003
