The Valdosta Daily Times
On Wednesday, the Valdosta Housing Authority was informed that they would be receiving $630,939 from the U.S. Department of Housing and Urban Development's Capital Fund Program.
This annual funding was granted following the announcement that HUD would be awarding $62,938,540 to public housing authorities across the state, and $1.8 billion across the nation, including the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands.
The money is awarded annually to each of the state's housing authorities and is intended to be used to make major large-scale improvements. Typically the funding focuses on renovations and inventory upgrades.
According to the Valdosta Housing Authorities Executive Director Mark Stalvey, Valdosta plans to primarily use the funding for improvements in the Hudson Docket area. They plan to improve both the interiors and exteriors of several buildings. Some of the updates they will be making include facade upgrades, roofing, tile work, cabinetry work and painting.
The amount of funds given is dependent on congressional appropriation.
Stalvey stated, "This amount is a little lower than it has been in the past, but we are glad to get what we can get and we plan to do the most with it. We are as close to full occupancy as we have been in 25 years and I believe that need is directly linked to our economy. We are glad to be able to take this money and put it back into providing good and decent housing to those who need it."