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July 16, 2009 – Today, Nebraska’s Senator Ben Nelson welcomed an announcement by the U.S. Department of Housing and Urban Development that Nebraska will receive more than $1.7 million in Community Development Block Grants (CDBG) to support community and economic development. Omaha will receive $1,317,713 and Lincoln will receive $474,644 as part of the program, which is funded by the American Recovery and Reinvestment Act.
“These stimulus funds will encourage community development and produce jobs for Nebraskans,” said Senator Nelson. “The investment in these communities is a positive step forward during this difficult economic time.”
According to HUD, Community Development Block Grants enable state and local governments to undertake a wide range of activities intended to create suitable living environments, provide affordable housing and create economic opportunities. The rehabilitation of affordable housing and the construction and improvement of public facilities have traditionally been the largest uses of CDBG funds although the program is also an important catalyst for job growth and business opportunities.
Senator Nelson played a key role in the passage of the $787 billion stimulus bill. He worked with a bipartisan group of nearly 20 Senators to better focus The American Recovery and Reinvestment Act on tax cuts for the middle class and job creation for millions of Americans. Senator Nelson led the group through the initial bill line by line, dollar by dollar, to reduce spending and cut out $108 billion of inefficient or less-stimulative spending. The bipartisan group helped the improved bill win congressional approval. President Obama signed it into law February 17, 2009.
Senator Nelson is posting information about the release of stimulus finds on his website as it becomes available. Visit http://bennelson.senate.gov/feature_4.cfm for more information.
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