HUD Awards $83 Million to Boost Local Affordable Housing and Community Development

By klrw460 April 5, 2024

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) has announced an $83 million allocation to three key organizations to enhance affordable housing and community development for low-income populations. This funding is part of HUD’s Section 4 Capacity Building for Affordable Housing and Community Development program and aims to support job creation and the development of affordable housing units.

Acting Secretary Adrianne Todman emphasized the importance of inclusive community development across all areas, including rural and tribal regions. “These capacity building grants demonstrate our strong commitment to these communities, enabling them to foster better, safer, and more affordable living spaces,” Todman explained.

The recipients—Enterprise Community Partners, Local Initiatives Support Corporation (LISC), and Habitat for Humanity International—will use the grants to assist Native Hawaiian, American Indian, and Alaska Native communities, among others. These organizations are integral to the Administration’s Rural Partners Network, an initiative aimed at bolstering rural areas.

Funding details are as follows:

  • Enterprise Community Partners: $32,333,333.34
  • Local Initiatives Support Corporation: $28,333,333.33
  • Habitat for Humanity International: $22,333,333.33
  • Total: $83,000,000

More about the grantees:

Enterprise Community Partners, Inc. will utilize their $32 million award from FY 2022-2023 to enhance the capacities of Community Development Corporations (CDCs) and Community Housing Development Organizations (CHDOs). They aim to provide 500 grants, targeting at least 650 CDCs, CHDOs, and Tribally Designated Housing Entities (TDHEs). Their efforts are expected to generate 13,100 jobs and lead to the creation or preservation of 8,000 housing units.

Local Initiatives Support Corporation (LISC) is set to use their $28 million grant to strengthen CDC operations through grants, technical support, and training, focusing particularly on affordable housing and fair housing practices. LISC’s programs will enhance the ability of 480 CDCs across 50 states to serve 30,000 low-income individuals, develop 3,000 new affordable housing units, and rehabilitate 5,000 more. Additionally, the initiative will support around 1,500 businesses and is projected to create 800 jobs and retain 700 more.

Habitat for Humanity International (HFHI) will direct their $22 million grant towards providing CDCs with the tools to offer more affordable housing. HFHI plans to foster equitable practices and policies at the CDC level, advancing homeownership for low-income and underserved groups. Over the grant period, they expect to impact over 1,200 housing units and train 4,600 individuals on various critical topics, including racial equity, creating 90 jobs in the process.

For more information, read the original press release from: