The V.I. government will receive $1.2 million in grants from the U.S. Department of Housing and Urban Development for low income housing.
The funding, part of HUD's HOME Investments Partnerships Programs, will be used to assist first time home buyers, construct affordable housing and rehabilitate "owner-occupied" housing.
"I am really pleased that more of our hard-working residents will have the opportunity to own their own homes, particularly in these challenging times," V.I. Delegate to Congress Donna Christian Christensen said. "It is very important that all of us have opportunities for home ownership, no matter what our level of income, so that we can improve the quality of life for our families."