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City of New Orleans Press Releases
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FOR IMMEDIATE RELEASE
November 2, 2009
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| CITY OF NEW ORLEANS INVESTS $2 MILLION IN AFFORDABLE RENTAL DEVELOPMENT |
NEW ORLEANS (November 2, 2009) -- The City of New Orleans provided $2 million of Community Development Block Grant (CDBG) funding to the local, non-profit Efforts of Grace, Inc., operators of the Ashe Cultural Arts Center, to provide 30 units of affordable rental housing to qualified families. The housing development, named Venus Gardens, 'closed' on October 29th and was followed by a celebratory "toast" by Efforts of Grace staff and board members, community members, and local officials.
"The City of New Orleans is proud to be a partner with Efforts of Grace and Carol Bebelle to make more affordable housing available in our city. The Ashe Cultural Arts Center has a legacy of uplifting citizens in need. Today's closing demonstrates a bright new beginning for many families in our city," said Mayor C. Ray Nagin.
The 'closing' of Venus Gardens is OCD's last project expenditure which places the City of New Orleans ahead of the November 2nd federal expenditure deadline, and in compliance with the spending timelines established for CDBG funds.
"The closing of Venus Gardens demonstrates our commitment and investment in the community to rebuild our neighborhoods and spend funds in a timely manner that meets the requirements of HUD. The City of New Orleans is spending, not promising, every federal dollar in the neighborhoods and communities that need it most," said Anthony Faciane, Deputy Director, Housing & Planning.
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CITY OF NEW ORLEANS
Mayor’s Press Office
1300 Perdido Street, Suite 2E04
New Orleans, Louisiana 70112 |
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