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January 3, 2013

Redevelopment Department expecting funding cut

TERRE HAUTE — As Congress continues to spar over the federal budget, the Terre Haute Department of Redevelopment is bracing for an expected cut in its funding from Washington, D.C.

Phil Kesner, a redevelopment specialist at the department, told members of the Redevelopment Commission on Wednesday he expects an approximately 6-percent cut in federal block grants used for street improvements, low-income housing and related projects.

In total, the department is expecting about $1.4 million in community development block grant funding from Washington, Kesner said. About half that will be used for street improvements on the city’s north side. The other half will be used for housing rehabilitation, demolition and administration.

The city is also expecting about $340,000 in funding to build or rehabilitate low- and moderate-income housing.

• The Redevelopment Commission also welcomed a new member, Brian Dyer of Terre Haute Savings Bank. He joins David Heath, commission president; Brian Conley, vice president; Jim Nichols, secretary; and members Troy Helman and Paul Lockhart.

 

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