Governor's Office for Local Development
Governor Approves Grant for Princeton Housing Project
FRANKFORT, KY (June 6, 2008) – Gov. Steve Beshear, in conjunction with the Governor’s Office for Local Development (GOLD), has announced the approval of a $1,000,000 Community Development Block Grant (CDBG) for a scattered site housing project targeting low income, disabled, and elderly homeowners in the city of Princeton.
The scope of the project includes the clearance and reconstruction of at least 10 Low and Moderate Income (LMI) owner-occupied structures. All of the selected sites have been inspected and determined to be deteriorated beyond repair.
Princeton Mayor Gale Cherry emphasizes the benefits to the entire city. “We’re selecting substandard housing located all over the town which will improve not only the appearance of that street or area but also the city’s housing stock.”
The rehabilitation projects will address multiple safety and health hazards including unstable or failing foundations. Due to the age of the homes to be reconstructed, lead-based paint, interior mold and asbestos are all concerns that will be addressed.
“Some of these people are very near the point of being homeless,” explained Mayor Cherry. “One resident can see the sky through her roof that leaks so badly. She has to live with the fear that her house may collapse on top of her. We’re very grateful for the opportunity to help these citizens in need and improve housing conditions for all of Princeton.”
The dilapidated units will be demolished and reconstructed on their existing properties. The city will provide homeownership counseling and offer temporary housing for displaced residents during the rehabilitation process.
Kentucky’s U. S. Congressional leaders’ continued support of the CDBG program has made the funding available nationally as well as within the commonwealth. The state’s CDBG program is managed by GOLD and funded through the U.S. Department of Housing and Urban Development (HUD). Approved grants are used to assist counties and cities in revitalizing neighborhoods, expanding affordable housing and economic opportunities, providing infrastructure and/or improving community facilities and services.