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NSP Grants Allow Higher Income Eligibility Limits

Printed From: MiddletownUSA.com
Category: Middletown City Government
Forum Name: Community Revitalization
Forum Description: Middletown Community Revitalization News
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=2073
Printed Date: Nov 22 2024 at 12:46pm


Topic: NSP Grants Allow Higher Income Eligibility Limits
Posted By: Nelson R. Self
Subject: NSP Grants Allow Higher Income Eligibility Limits
Date Posted: Oct 08 2009 at 4:17am
Provided below are HUD household income eligibility limits for grants already received and applied for:
 
Community Development Block Grant (CDBG) Program - $685,000 (FY 2009)
Community Development Block Grant (CDBG) Program - $180,000 (Supplemental Stimulus Funds)
Home Investment Partnerships (HOME) Program - $400,000+ (FY 2009)
HUD Neighborhood Stabilization Program - Round One (NSP-1) - $2,144,000
HUD Neighborhood Stabilization Program - Round Two (NSP-2) - $19,000,000+ (Approval Pending)
 
As you can see, income limits are now substantially greater than current CDBG and HOME Programs limits.
 
For example:
 
Household Size    CDBG/HOME Income Limits    NSP-1 & NSP-2 Income Limits
                                    (80% of Area Median Income)  (120% of Area Median Income)
 
One Person                         $38,750                              $  58,145
Two Persons                       $44,300                              $  66,450
Three Persons                    $49,800                               $  74,700
Four Persons                      $55,350                               $  83,025
Five Persons                       $59,800                               $  89,700
Six Persons                         $64,200                               $  96,300
Seven Persons                    $68,650                               $102,975
Eight Persons                      $73,050                               $109,575


Replies:
Posted By: Mike_Presta
Date Posted: Oct 08 2009 at 6:44am
Hmm...invite a few people over for the weekend and a few of the same folks will be eligible for more again!   Looks like beautification ... oops, I mean neighborhood stabilization... will be BOOMING in the South Main Street Historic District...oops, I mean poverty-sticken Second Ward...again next year!!!
 
By the way, does anyone know how many people live in the Sorg Mansion???


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“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012

Posted By: wasteful
Date Posted: Oct 08 2009 at 7:09am
So according to this someone with a $200-300K house can qualify for these funds.  Hmmmmm I need a new roof and...............................


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