Memphis selected as finalist for up to $30 Million in HUD Grants - WMC Action News 5 - Memphis, Tennessee

Memphis selected as finalist for up to $30 Million in HUD Grants

WASHINGTON (WMC) -

Memphis has been chosen as a finalist for a federal housing assistance grant from President Obama's Choice Neighborhoods program.

Congressman Steve Cohen (TN-09) announced this week the U.S. Department of Housing and Urban Development (HUD) selected the city as one of nine finalists.

The city will now compete for an individual federal grant worth up to $30 million.

Winners are expected to be announced in September.

"Today's announcement follows years of effort by Congressman Cohen, working with Mayor Wharton and others in the city, to encourage the Obama administration to designate Memphis as a Choice Neighborhood," said in a press release from Congressman Cohen's office.  

To be selected as a finalist for the grant, Memphis went through a planning process and developed a plan to redevelop its target neighborhood.

Evaluation teams will visit the targeted neighborhoods to meet with the applicants and partners to get a better understanding of their plans.

President Obama's Choice Neighborhoods program aims to transform neighborhoods of poverty into viable mixed-income
neighborhoods with access to economic opportunities. 

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