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The Department of Housing and Community Development Awards $290.6 Million in Proposition 1C and Proposition 46 Housing Bond Funding to Create Housing Opportunities for Thousands of Californians

California Department of Housing and Community Development (HCD) Director Lynn L. Jacobs today was joined by Business, Transportation and Housing Agency Secretary Dale E. Bonner in announcing over $290.6 million in Proposition 1C and Proposition 46 funds.

"Gov. Schwarzenegger is committed to making the American dream a reality for our neediest residents and other hardworking Californians," said Secretary Bonner. "Today’s awards will help thousands of families and individuals achieve that dream while boosting local economies through construction related activities."

The awards were distributed for housing in 44 counties to provide housing opportunities for 13,507 Californians. Proposition 1C is the $2.85 billion housing bond passed by the voters in November 2006, a part of the Governor’s Strategic Growth Plan. Proposition 46 is the previous $2.1 billion housing bond approved by voters in November 2002.

Director Lynn Jacobs added that "HCD is also committed to expediting the award of bond funds to make housing available as soon as possible."

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