Monday, June 3, 2013

HOPE VI Main Street Funding Announced

The U.S. Department of Housing and Urban Development (HUD) has announced funding for the HOPE VI Main Street Program. The goal of the Main Street Program is to provide grants to small communities to help renovate their historic or central business districts (“Main Streets”) by replacing unused commercial space with affordable housing. Grant funds can be used to remake obsolete commercial space into, or build new, Main Street affordable housing units. The Main Streets Program aims to preserve historical business districts while creating affordable housing and improving economic development. There is a strong connection between affordable housing and the well-being of families and communities.

HUD plans on awarding one FY 2013 grant of up to $500,000, and intends to award one FY 2014 grant to applicants from this FY 2013 NOFA Please note that FY 2014 awards are contingent on Congressional appropriations. The deadline for applications is July 22, 2013. Eligible applicants are limited to local governments with a population of 50,000 or less that are not being served by a Public Housing Agency that administers more than 100 public housing units within the local government’s jurisdiction, excluding Section 8 Housing Voucher units.

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