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Federal Stimulus Money Targets Jobs, Housing

ALBUQUERQUE, N.M. — Money will be used to bolster rural job creation, pay for construction of affordable housing

More than $20 million dollars in federal stimulus money will be sent to New Mexico to bolster rural job creation and fund the construction of affordable housing, U.S. Sens. Jeff Bingaman and Tom Udall said Tuesday.

The funding is being released through the U.S. Department of Agriculture and the U.S. Department of Housing and Urban Development, the New Mexico Democrats said in a news release.

According to the news release, the projects and funding through the USDA’s Rural Business Enterprise Program:

  • Acoma Pueblo will receive $577,750 for infrastructure improvements that include an additional water well with better quality water, installation of fiber optic communications capability, extension of the electrical delivery system, and development of existing water and sewer mains, all in an effort to expand business opportunities.
  • New Mexico’s Own, Inc. will receive $400,000 for outreach, recruitment and technical assistance followed by on-site incubating of potential or existing manufacturers of artisan products. Funding will also be used for a planning/feasibility study for a proposed Four Corners Southwest wholesale trade mart to establish New Mexico as a regional product sales and distribution center for the Four Corners region.

According to the news release, the projects and funding through Housing and Urban Development:

  • New Mexico will receive $13.8 million to fund construction of housing projects aimed at providing affordable residences for New Mexicans. To ensure the funding creates jobs in the construction sector, it must be spent on projects that can begin immediately and be completed by Feb. 16, 2012.
  • Laguna Housing Development and Management Enterprise, Nambe Pueblo Housing Entity and San Felipe Pueblo Housing Authority each will receive $2 million to improve housing stock, develop viable communities, promote energy efficiency and create jobs.