The U.S. Department Housing and Urban Development announces $5 billion to increase affordable housing to address homelessness

National

WASHINGTON — The U.S. Department of Housing and Urban Development (HUD) secretary Marcia L. Fudge announced the allocation of nearly $5 billion in American Rescue Plan funds to help comminutes across the country create affordable housing and services for people experiencing or at risk of experiencing homelessness.

Secretary Fudge made the announcement during a Zoom call with U.S. Senator Sherrod Brown (OH), Michigan Governor Gretchen Whitmer, and Birmingham, Alabama Mayor Randall Woodfin.

The supplemental funding is allocated through the HOME Investment Partnerships Program to 651 grantees, including states, insular areas, and local governments. Click here for a full list.

“Homelessness in the United States was increasing even before COVID-19, and we know the pandemic has only made the crisis worse,” said Secretary Marcia L. Fudge. “HUD’s swift allocation of this $5 billion in American Rescue Plan funding reflects our commitment to addressing homelessness as a priority. With this strong funding, communities across the country will have the resources needed to give homes to the people who have had to endure the COVID-19 pandemic without one.”

According to the HUD, the $4.925 billion in HOME-ARP funding gives states the flexibility to best meet the needs of people experiencing or at risk of experiencing homelessness, including through development of affordable housing, tenant-based rental assistance, supportive services, and acquisition and development of non-congregate shelter units. Funds must be spent by 2030.
The nearly $5 billion in HOME-ARP funding is the first of two homelessness-related funding opportunities from the American Rescue Plan that HUD will release. In the coming weeks, HUD will announce the allocation of funding for emergency vouchers for people experiencing and at-risk of homelessness.

While the nearly $5 billion in HOME-ARP funding will deliver near-term relief to people experiencing or at-risk of experiencing homelessness, President Biden’s American Jobs Plan would build on this relief with additional robust funding to bring the United States closer to ending homelessness and housing instability said the HUD.


More from MyHighPlains.com:

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Video Forecast

More Forecast

Don't Miss