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HOPE VI has included a variety of grant programs including: Revitalization, Demolition, Main Street, and Planning grant programs. As of June 1, 2010 there have been 254 HOPE VI Revitalization grants awarded to 132 housing authorities since 1993 – totaling more than $6.1 billion.
The estimated total demolition cost is $390,000, according to the land bank. Hamrick said she should know soon if the money will be allocated. The building suffered a fire on Aug. 31.
The cost of demolition was weighed against the historical cost to the community, and the final decision was to demolish the Civic Centre. The new goal was to apply for grants as well as use the insurance money to build a new arts center, estimated at $8- to- $12 million. [17] In December, Colin's Haulage won the bid to demolish the civic center ...
The first federal slum clearance program was proposed by President Franklin D. Roosevelt in 1933, citing the high cost of land as the primary reason for government intervention. In 1949, the Senate Banking and Currency Committee stated in its report that 1 in 5 urban families lived in slum conditions.
A North Carolina state government building that had Department of Health and Human Services office space, it was set to be demolished in 2023, but still stands in May 2024. The land will be turned ...
∎ Building a whole new government center could cost an estimated $130 million to $175 million and take four to five years. Baxmeyer has already told The Tribune that this is too costly.
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
In total, the federal government manages 511 million square feet of office space, according to the GAO. All that real estate costs the federal government about $7 billion to lease and maintain.