Re: HUD Stimulus Funding for Public Housing Authorities
The U.S Department of Housing and Urban Development (HUD) has released information on how Public Housing Authorities (PHAs) can apply for competitive grants, under the Economic Recovery Act, to improve public housing.
Capital Fund Recovery Competition Grants
HUD is offering nearly $1 billion in competitive grants to make substantial improvements to thousands of public housing units nationwide. The competitive Public Housing Capital Funds will be awarded to public housing authorities to improve the quality of their housing stock, promote energy efficiency and create jobs. These funds are in addition to the $3 billion that was allocated by formula to public housing agencies in March.
Grants will be awarded in the following 4 categories:
Energy Efficiency: $600 million is available for PHAs to create more energy efficient public housing units.
Financing Stalled Projects: $200 million is available to allow PHAs to develop or renovate public housing projects stalled due to lack of resources.
Public Housing Transformation: $100 million is available to transform obsolete public housing projects into newly built or renovated developments.
Housing for the Elderly/Persons with Disabilities: $95 million is available to improve public housing units and create community facilities for the delivery of medical and other services to this vulnerable population.
HUD will begin accepting applications from public housing authorities on June 1. Applications for grants in the Energy Efficiency category are due by July 21. Applications for the other three categories are due by August 18.