U.S. Housing and Urban Development Secretary Shaun Donovan awarded nearly $6.5 million to 11 Hispanic-Serving Institutions to help revitalize local neighborhoods, promote affordable housing and stimulate economic development in their communities. The funding announced today is provided through HUD's Hispanic-Serving Institutions Assisting Communities (HSIAC) Program. To be eligible to apply for funding, at least 25 percent of the institution's full-time undergraduate student population must be Hispanic. In addition, all applicants must offer two- or four-year degrees and be fully accredited by an accrediting agency recognized by the U.S. Department of Education. HUD's grants will help these institutions undertake a wide variety of activities, principally for persons of low- and moderate-income.
Modified On : September 22, 2010
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In Relation : Government Resources
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