HUD News
HUD Gives $150 Million Funds To Tribal Communities For Affordable Housing
The funds provided by HUD focus on new home construction in Tribal communities.
Max Rahubovskiy/Pexels
Washington- The Department of Housing and Urban Development (HUD) announced to give $150 Million in funds for affordable housing projects to benefit low-income families in American Indian and Alaska native communities.
HUD’s Secretary Marcia L. Fudge said, “Strong investments in Tribal communities help ensure residents can access much-needed safe and affordable housing. The funds HUD is making available will meet the challenges of today and allow Tribal communities to make innovative and vital advancements needed to prepare for the future.”
HUD will award $150 Million via the Indian Housing Block Grant (IHBG) Competition supporting tribes and tribally designated Housing entities (TDHEs) to carry out affordable housing activities. The Department will give priority to new housing construction projects, housing rehabilitation projects, affordable housing-related infrastructure projects, and the acquisition of existing housing units to increase affordable housing stock.
The Indian Housing Block Grant (IHBG) Competition provides grants to eligible applicants, primarily for constructing new affordable housing in safe and healthy environments within Tribal communities. A 2017 HUD Housing Needs Study identified a need for 68,000 new homes to replace severely dilapidated houses and alleviate severe overcrowding in these communities.
The grant funds are intended to help Tribes build new homes, thereby improving housing conditions for Tribal members and addressing a portion of this need. The deadline for application submissions to the IHBG Competition is 11:59 PM ET on March 19, 2024, and applicants must complete and submit their applications via the official website.
Article Sources
The content provided in this article draws inspiration and includes quotes from various reputable sources, including news articles, government data, and interviews. Affordable Housing 411 strives to ensure accuracy and credibility, but the information presented may be based on some external sources. We encourage readers to refer to the referenced materials for more in-depth insights and verification.
Department of Housing and Urban Development. “HUD Makes $150 Million in Funding Available to Tribal Communities for New Affordable Housing”. Department of Housing and Urban Development, January 23, 2024,
HUD Makes $150 Million in Funding Available to Tribal Communities for New Affordable Housing | HUD.gov / U.S. Department of Housing and Urban Development (HUD)
Share
<
