Obama Housing Stimulus comes to Norfolk

HOUSING AUTHORITIES NATIONWIDE ARE GETTING A FOUR BILLION DOLLAR BOOST FOR RENOVATION OF ASSISTED RENTAL UNITS. ITS PART OF PRESIDENT OBAMAS AMERICAN RECOVERY AND REINVESTMENT ACT.
LOCALLY, THE NORFOLK REDEVELOPMENT AND HOUSING AUTHORITY WILL RECEIVE SLIGHTLY OVER NINE MILLION.
NRHA'S EXECUTIVE DIRECTOR, SHURL MONTGOMERY, SAYS THE MONEY WILL ACCELERATE ITS PLAN TO IMPROVE ASSISTED-RENTAL HOUSING AND GENERATE JOBS. BUT HE ADDS LONGER TERM FUNDING CHALLENGES STILL REMAIN. FOUNDED IN 1940, NRHA IS A NATIONAL LEADER IN COMMUNITY REVITALIZATION AND THE DEVELOPMENT OF MIXED-INCOME COMMUNITIES.

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