HUD reconsiders poverty rate of college towns

July 24, 2006
Sunday, September 24, 2006 By Paula M. Davis 388-8583
     Concerned that college towns and those with upscale older homes are getting a disproportionate share of community-development funds, the government is seeking a better way to allocate those dollars.
     A new funding formula could significantly affect awarding of federal Community Development Block Grant funds, which are divided based partly on poverty rates.