Nassau County Executive Edward Mangano announced Wednesday that the Town of Oyster Bay will receive $1.025 million in Federal Community Development Block Grant funds.
The county Office of Community Development receives a direct allocation of such funds from the U.S. Department of Housing and Urban Development, about 80 percent of which is distributed to participating local municipalities for revitalization projects, infrastructure improvements, public service initiatives, parks and playground enhancements, code enforcement and providing access to the disabled.
“My administration is proud to partner with Supervisor [John] Venditto in supporting programs that maintain our suburban quality of life in Nassau County,” Mangano said.
“These community improvement funds are vital when it comes to improving downtown business districts with streetscaping projects, rehabilitating affordable housing and maintaining successful neighborhood programs for our seniors, veterans and youth.”
Grant funds also can be used to rehabilitate eligible homes, and for anti-poverty housing initiatives.
About $130,000 of the money will be used for the administration of the town’s Community Development program.
The bulk of the money — $678,000 — will be used for residential rehabilitation of affordable housing for low- to moderate-income homeowners.
“These funds will help some of our most important programs to continue to flourish,” Venditto said.