HUD Awards $98 Million in Choice Neighborhoods Implementation Grants and Opens New $10 Million Funding Opportunity for Local Planning Efforts
Industry Update
April 11, 2023
Source: U.S. Department of Housing and Urban Development
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge has announced “Supplemental Grant” awards for Choice Neighborhoods Implementation Grantees totaling more than $98 million. In addition, HUD is opening a notice of funding opportunity (NOFO) for $10 million to support local planning efforts.
Choice Neighborhoods Implementation Grants assist in the redevelopment of severely distressed HUD-assisted properties into mixed-income communities. The program has a three-pronged “Housing, People, and Neighborhood” approach that includes not only redevelopment of distressed properties, but also provides support to housing residents related to the health, education, and income, while simultaneously investing in neighborhood improvement projects which promote economic development and private investment. Since the program’s inception, the Choice Neighborhoods program has seen 11,000 new mixed-income units built across 44 cities. More than 32,000 units are planned.
“When it comes to Choice Neighborhoods, HUD is an invested partner at the table,” said Secretary Fudge. “Cities and public housing authorities are working tirelessly to address affordable housing shortages despite pandemic era construction cost increases. The additional Choice Neighborhoods funding represents HUD’s commitment to creating new housing for the communities that need it most. The Choice Neighborhoods approach is a comprehensive model that can be transformative for communities and we invite more communities to consider tapping into it.”
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