Home / Daily Dose / HUD Earmarks Nearly $3B in Funding to Eliminate Homelessness
Print This Post Print This Post

HUD Earmarks Nearly $3B in Funding to Eliminate Homelessness

In an effort to assist individuals and families experiencing homelessness and move into permanent housing, the U.S. Department of Housing & Urban Development (HUD) has announced $2.8 billion in Continuum of Care (CoC) Competition Awards for thousands of local homeless service and housing programs nationwide. The Awards, previewed by HUD Secretary Marcia L. Fudge at the National League of Cities, reflects the Biden Administration’s commitment to addressing the nation’s homelessness crisis, as the Administration set a goal of reducing homelessness by 25% by 2025, and ultimately, ending it.

“Helping people move into stable housing from temporary shelters and encampments on the streets is essential to ending homelessness,” said HUD Secretary Fudge. “Working with our local partners, these Continuum of Care program grants, deliver communities the resources they need. Together, we can work toward a world where no one experiences the tragedy and indignity of homelessness.”

The CoC program is designed to promote a communitywide commitment to the goal of ending homelessness. The program is the largest source of federal grant funding for homeless services and housing programs servicing people experiencing homelessness.

HUD’s annual funding builds on a $315 million package of resources that HUD awarded in January 2023 to help communities provide housing and supportive services to people in unsheltered settings and people experiencing homelessness in rural areas. As a part of the January funding, communities were asked to develop a comprehensive approach to addressing unsheltered and rural homelessness that involves coordination with healthcare providers, other housing agencies such as public housing authorities, and people with lived experience of homelessness.

In August 2022, HUD issued the Notice of Funding Opportunity (NOFO) for the fiscal year 2022 CoC competition awards. Included in the $2.8 billion of total awards, approximately $80 million was made available for non-competitive Youth Homelessness Demonstration Program (YHDP) renewal and replacement grants. The 2022 awards also include over $52 million for new projects that will support housing and service needs for survivors of domestic violence, dating violence, sexual assault, and stalking.

Specifically, HUD sought projects that:

  • End homelessness for all persons experiencing homelessness;
  • Place emphasis on racial equity and anti-discrimination policies for LGTBQ+ individuals;
  • Use a Housing First approach;
  • Reduce unsheltered homelessness and reduce the criminalization of homelessness;
  • Improve system performance;
  • Partner with housing agencies to leverage access to mainstream housing programs;
  • Partner with health agencies to coordinate health and supportive services, including to prevent and respond to future infectious disease outbreaks;
  • Advance racial equity and addressing racial disparities in homelessness;
  • Engage people with lived experience of homelessness in decision-making; and
  • Support local engagement to increase the supply of affordable housing.

Click here for a list of 2022 Continuum of Care Program Grant awards and projects across the nation.

About Author: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

Check Also

Many Americans Aren’t Optimistic About 2024’s Housing Market

While the housing market remains unpredictable, a surprising percentage of surveyed Americans report wanting it to crash in 2024, according to a new LendingTree study, as many believe that might be the only way they could afford a home.