Funding News

Washington- Marcia L. Fudge, Secretary of the Department of Housing and Urban Development (HUD) announced “supplemental grant” awards for choice neighborhoods implementation grantees more than $98 Million. Besides this, HUD is also opening a notice of funding opportunity (NOFO) to support local planning efforts for $10 Million.

These grants assist in the redevelopment of distressed HUD properties into mixed-income communities. The three-pronged approach of the program “ Housing, People and Neighborhood” not only includes the redevelopment of distressed properties but also extends support to housing residents concerning health, education, and income along with investing in neighborhood improvement projects to promote economic development and private investment. The program has built 11000 new mixed-income units across 44 cities and 32000 units are in planning.

Fudge, HUD’s secretary said, “ When it comes to choice neighborhoods, HUD is an invested partner at the table”. Despite the increase in construction costs due to the pandemic era, cities, and Public Housing Authorities are working tirelessly to address the lack of affordable housing. HUD is committed to creating new housing for needy communities.

HUD also announced $10 Million in funds in Choice Neighborhoods Planning Grants to aid locally-driven planning efforts. The grants are made up of $500,000 each to help the communities living in severely distressed housing to develop a transformative plan which in turn helps to meet the Housing, People, and Neighborhood goals of the program.

These funds also foster engagement and build the desired momentum for the plan to be implemented. Public Housing Authorities, Local Governments, tribal entities, and nonprofits with distressed HUD-assisted housing are strongly encouraged to submit their applications. The applications are due on June 6, 2023.

Choice Neighborhoods program is revitalizing communities by giving them access to new housing, parks, grocery stores, jobs, and services. At present, 16 current choice neighborhood implementation grantees are eligible to receive additional funds to address pandemic-related disruptions. It will be used to construct new, high-quality mixed-income housing.