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HUD Awards $5.6B in Annual Grants for Affordable Housing

The U.S. Department of Housing and Urban Development [1] (HUD) has announced $5.6 billion in funding will go to 1,200 communities [2] through more than 2,400 grants to States, urban counties, insular areas, DC, Puerto Rico, and local organizations across the country. These annual formula grants provide critical funding for a wide range of activities including affordable housing, community development, and homeless assistance.

“Viable communities must promote integrated approaches to develop decent housing, suitable living environments, and expand economic opportunities to the most vulnerable,” said HUD Secretary Marcia L. Fudge. “These funds allow communities to address their unique needs by prioritizing what matters most to their residents and letting them own their investments in community development through these important federal resources.”

“This funding allows communities to address their most pressing local needs, providing flexible resources to build homes, support renters and homeowners, provide life-saving assistance to people experiencing homelessness, and improve public facilities, community resilience, and local economies,” said Principal Deputy Assistant Secretary for Community Planning and Development Marion McFadden. “HUD’s annual formula block grants allow states and localities to invest in the success of neighborhoods and allow people of modest means to thrive.”

The grants announced today are provided through the following HUD programs:

Combined the programs will provide critically needed funding to thousands of local programs in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Hawaii, Guam, American Samoa, and Northern Mariana Islands.

To read the full release, including more charts and data, click here [2].