HUD Approves Mississippi Housing Plan

By: Associated Press
By: Associated Press

JACKSON, Miss. (AP) -- The federal government has approved Mississippi's $350 million plan to produce thousands of housing units on the hurricane-ravaged Gulf Coast.

U.S. Housing and Urban Development Secretary Steve Preston approved the plan on Wednesday. The money comes from the $5.4 billion in Katrina aid approved by Congress after the August 2005 storm.

HUD said in a news release that tens of thousands of Mississippi homes were damaged or destroyed by the storm, and the vast majority of the displaced earn low to moderate incomes.

HUD said the approved plan is designed to ensure affordable units are created within mixed-income neighborhoods.

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