Home / Daily Dose / HUD to Commit $24 Million To Help PHA Residents Increase Earned Income
Print This Post Print This Post

HUD to Commit $24 Million To Help PHA Residents Increase Earned Income

job-marketThe U.S. Department of Housing and Urban Development (HUD) is committing $24 million to certain qualified Public Housing Authorities (PSAs) help their residents increase their earned income, HUD secretary Julián Castro announced on Friday.

HUD has long been an advocate of assisting public housing residents reach self-sufficiency through improving residents' employment situations. The Jobs-Plus Pilot Program sponsored by HUD supports work readiness and job placement efforts in addition to helping public housing residents find and/or upgrade employment by connecting residents with local employers.

Analysts have shown there is a direct correlation between the housing market and the overall economy; the housing market needs the economy to rebound in order to fully recover, and vice versa. HUDs Jobs-Plus Pilot Program is a step toward helping both housing and the economy recover, and then sustaining that recovery, by putting resources toward improving the earning potential of public housing residents.

"HUD is always looking for innovative ways to help families secure new opportunities and reach their full potential," Castro said. "This funding uses housing as a platform for success by linking public housing residents with the resources they need to access better paying jobs. HUD has a unique role to play in helping folks better their lives. In addition to helping folks secure decent, affordable housing, we are committed to ensuring that their housing serves as a springboard to success."

Castro made the announcement of the funding during a walking tour of a neighborhood in Central Falls, Rhode Island on Friday. He has been focused on advancing policies that create jobs, therefore creating opportunities for Americans, with HUD approaching its 50th anniversary next year.

The Jobs-Plus Pilot Program uses a demonstration program combining training, job placement, and traditional employment with a rent incentive and a place-based investment in building. The program's goal for each family is to improve employment and attain a higher earned income, thus helping families achieve self-sufficiency. Under the program model, PHAs partner with the Department of Labor American Jobs Centers.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.
x

Check Also

SFR Platform Progress Residential Names Adolfo Villagomez as CEO

Former Home Depot exec brings two decades-plus worth of experience to his new role for SFR management platform responsible for more than 80,000 homes across 30 markets.

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.