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.”
HUD AWARDS $5.6 BILLION IN ANNUAL GRANTS FOR AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND HOMELESS ASSISTANCE
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