Biden to Send Extra Community Development Grants to Underserved Neighborhoods
Industry Update
May 31, 2022
Source: route-fifty.com
As part of his equity agenda, President Biden wants to give the nation’s 100 most underserved areas nearly $2 million apiece in extra Community Development Block Grant funding, which can be used for purposes ranging from increasing affordable housing to renovating local parks.
In addition to helping those communities, Biden hopes the initiative will lead cities to address structural issues, like zoning and permitting laws that hold back economic development.
For full report, please click the source link above.