HUD ANNOUNCES FIRST ROUND OF ALLOCATIONS OF HURRICANE SANDY RECOVERY FUNDS TO MARYLAND

WASHINGTON, DC – February 6, 2013 – (RealEstateRama) — The Department of Housing and Urban Development today allocated over $8 million in Community Development Block Grant (CDBG) Disaster Recovery funding to Maryland, representing the first round of CDBG grants from the Disaster Relief Appropriations Act of 2013signed into law by President Obama on January 29. This is the fastest HUD has allocated CDBG funding to grantees following the passage of a funding bill.