Press Release
☷HUD Awards $2 Million to Revitalize Smaller Communities and Develop Affordable Housing
U.S. Department of Housing and Urban Development ( By Press Release office)
Feb 15,2024
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Today , the U . S . Department of Housing and Urban Development ( HUD ) announced that three grantees will receive a combined $2 Million in 2023 Hope VI Main Street grants . These grants will help small communities revitalize older downtown business districts and create affordable housing while preserving their historic charm . Marianne Nazzaro , HUD’s Deputy Assistant Secretary for Public Housing Investments , made the announcement in Kansas , emphasizing the importance of rejuvenation efforts for smaller and rural communities and the Biden - Harris Administration’s commitment to ensuring affordable housing for all Americans . Deputy Assistant Secretary Nazzaro expressed confidence in the potential and beauty of these spaces , acknowledging that the investments will have a positive impact beyond the buildings themselves . She also emphasized the importance of supporting small - town communities , as America is a nation of small towns . To learn more about the Main Street program , visit their website . The grant funds can be used to construct new affordable housing or convert outdated or surplus commercial space or dilapidated vacant housing into affordable housing units . The awarded funds must assist local governments with existing Main Street area rejuvenation projects and meet specific population and public housing unit criteria . The Main Street housing units must be affordable for the initial residents . According to Secretary Marcia L . Fudge , HUD recognizes the significance of preserving the character of our nation’s main streets while increasing the supply of affordable housing in smaller towns and rural areas . She believes that residents in these areas should benefit from new investments and improvements .
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