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HUD makes nearly $1 billion available in Recovery Act funds to improve public housingGrants will help the elderly and disabled, boost energy efficiency and create jobs
In March, HUD allocated nearly $3 billion in Recovery Act funding to more than 3,100 public housing authorities across the U.S. Distributed by formula, that funding is already being put to work to improve public housing and create safer, more livable environments for lower income residents. This additional $1 billion will be awarded competitively. “Today we are making another substantial investment to improve public housing in America and to create jobs and grow local economies,” said HUD Secretary Shaun Donovan. “The funding in the Recovery Act signed by President Obama will give local housing agencies the resources they need to provide quality housing, especially for the elderly and persons living with disabilities. These funds will also help to transform distressed public housing projects, improve energy efficiency and lower the operating costs for housing authorities.” Public Housing Capital Funding will be awarded competitively through a Notice of Funding Availability (NOFA) that can be accessed on HUD’s Recovery Act website. HUD will accept applications from public housing authorities from June 1 until July 21, 2009 for the Energy Efficiency funding category and from June 1 until August 18, 2009 for the other three funding categories. HUD will review and award grants to PHAs that effectively address the requirements in the NOFA for the following four funding categories:
HUD’s Capital Fund Program provides annual funding to public housing authorities to develop, finance, and/or modernize the public housing in their communities. This funding can be used to make large-scale improvements such as new roofs and for the replacement of plumbing and electrical systems to increase energy efficiency. About the Department of Housing and Urban DevelopmentHUD is the nation’s housing agency committed to sustaining homeownership; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development and enforces the nation’s fair housing laws. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov. SectionsNewsTopicsCapital Fund Program, Department of Housing and Urban Development, Elderly, Energy Efficiency, HUD, Public housing |
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