Post 9/11 Plan Will Fund Neighborhood Improvements
10 August 2003 - 11:00am
HUD will provide $156 million to fund open space and design improvements, as well as economic development, in Lower Manhattan.
"Managed by the Lower Manhattan Development Corporation (LMDC), the $156 million post 9/11 plan will provide funding to improve public parks and open spaces, to make street improvements and to provide to more pedestrian-friendly access in Lower Manhattan. In addition, the plan will supplement a program to provide grants to businesses adversely impacted by the terrorist attacks nearly two years ago." The program is part of the "total $3.4 billion HUD is providing in direct assistance to help struggling businesses, to provide residential incentives and to revitalize Lower Manhattan since the September 11th attacks."
Source:
HUD News, August 8, 2003
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