Congressman Wm. Lacy Clay: St. Louis to Receive $1.8 million

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Uploaded by on Jan 13, 2011

Congressman Wm. Lacy Clay (D-MO) announced that neighborhoods in St. Louis will receive $1.8 million in affordable housing grants through the Federal Home Loan Bank of Des Moines Affordable Housing Program (AHP).

"The good work that you do not only changes neighborhoods...it transforms the people who live there. Every day, even in the poorest neighborhoods, people have pride, they have dreams, and they are determined to build a better future for themselves and their families," said Congressman Clay.

The AHP grants will fund five projects. Each serves a diverse need including creating homeownership opportunities for formerly homeless families, rehabilitating older homes and assisting with down payment and closing costs. These projects will create or improve 247 homes and provide the opportunity for 247 individuals to turn their own key, have their own place or improve their quality of life.

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