Advertisement
 
Affordable Housing Finance
Subscribe

HOUSING FINANCE NEWS

NEWS HEADLINES

HUD Awards $1.4 Billion to Homeless Programs

By Donna Kimura

WASHINGTON, D.C.—The Department of Housing and Urban Development (HUD) announced awarding $1.41 billion to keep 6,741 local homeless assistance programs operating this year.

These awards mark the renewal of funding through HUD’s Continuum of Care program to existing local programs. The department will award funds to new projects later this year.

The total represents a slight increase from the $1.37 billion in renewal grants awarded last year, said HUD Secretary Shaun Donovan.

 He stressed that the funds are an important investment. The cost of doing nothing would add to much more, said Donovan, citing studies that show providing supportive housing is less expensive than leaving the chronically homeless on the streets, where they rack up costly emergency room and jail expenses.

The grants will be used to support a wide range of housing and services for homeless families with children, unaccompanied youths, victims of domestic violence, veterans, and others, said Mercedes Marquez, HUD assistant secretary for community planning and development.

California received the largest share of funds with 801 projects or programs receiving $227.6 million. In New York, 654 projects and programs will share $165.6 million.

Donovan noted that the awards announcement comes just a week before thousands of volunteers in cities and counties across the nation conduct a national one-night count of homeless persons.

Understanding the extent of the problem is essential to solving it, he said.


Unauthorized duplication of articles in Affordable Housing Finance, Apartment Finance Today, or HousingFinance.com is strictly prohibited. All rights reserved and all copyrights held by Hanley Wood, LLC. Reproduction of this publication in whole or in part in any form, on paper or electronically, without written permission from the publisher is prohibited by law.

Advertisement