Today's Date: April 15, 2021
Lincoln Financial Network Launches African American Financial Professional Network   •   Northwest Residents Say They Want to Switch to More Fuel-Efficient Vehicles, but Aren’t Quite Ready to Commit   •   FIBRA Prologis Announces Certificate Holders Meeting   •   To Help Support the Struggle Against Addiction, Author Mike Fitzpatrick Publishes First in Fun, Zany, Fully Illustrated Children   •   Cybersecurity and IT Consulting Firm SecureTech360 to Expand in Fairfax County, Create 10 New Jobs   •   Clark Atlanta University and the University of Liberia Host Virtual Signing Ceremony to Establish Partnership of Educational Adv   •   Ralph Lauren Debuts Team USA’s Closing Ceremony Parade Uniform and Apparel Collection, Featuring First-To-Market Innovatio   •   The Equality Equation: Balancing the Effects of Systemic Racism in Baltimore   •   American Eagle Outfitters’ Business Accelerates Across American Eagle and Aerie Brands; First Quarter Revenue On-Track to   •   Discovery Senior Living Begins National Efforts to Honor WWII Vets Through New Partnership With Dream Flights   •   AGS to Report First Quarter 2021 Results on Thursday, May 6   •   Flagler Health+ and the link Announce Partnership   •   Morgan Stanley and Spelman College Announce Inaugural Class of HBCU Scholars Program   •   Ledyard Financial Group Named One of the Top 25 Bank Boards for Women   •   TRU Colors Announces Strategic Partnership With Molson Coors, Advancing Its Mission to End Street Violence and Unite Communities   •   Weedmaps Announces “Even Higher Together” Virtual 4/20 Event Featuring Snoop Dogg, A$AP Rocky, Jhené Aiko and   •   Dickinson College Announces 2021 Commencement Plans; Former U.S. Attorney General Eric Holder to Deliver Address   •   ASDSA Alerts Nation's Governors to New Trend in Anti-transgender Legislation   •   The WNET Group to Celebrate Education Heroes at its Education Is Everything Virtual Gala   •   Kia Sorento Named To Parents' List Of Best Family Cars 2021
Bookmark and Share

HUD Awards $2.3B For Public Housing Improvement Projects

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan has awarded more than $2.3 billion to 3,131 public housing authorities across the U.S, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The funds will allow these agencies to make major capital improvements to their public housing units. To view the full list of grantees, visit HUD's website.

"Housing authorities will add this funding to the $4 billion from the American Recovery and Reinvestment Act of 2009 they received last year to continue addressing long-standing capital improvements that public housing communities need," said Donovan. "This funding will also stimulate the economy and create jobs in these communities." 

The funding announced today is allocated through HUD's 
Capital Fund Program that 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 to make energy-efficient upgrades to replace old plumbing and electrical systems. 

While these grants have provided important funding to housing authorities for the past 75 years, HUD is proposing in its 2011 budget a new initiative - 
Preservation, Enhancement and Transforming Rental Assistance (PETRA) - that, will offer housing authorities options to enable them to leverage public and private financing to address capital needs and make public housing units affordable for the long term. HUD estimates that unfunded capital needs of the nation's 1.2 million public housing units range from $20 to $30 billion. 

PETRA would enable federal housing programs to leverage $7 billion in other capital in the first year - and as much as $25 billion in the years to come - giving owners of affordable housing access to the resources they need to preserve this housing into the future. In its 2011 budget proposal before Congress, HUD is requesting $350 million to fund the first phase of the PETRA initiative, which will preserve 300,000 units of public and assisted housing; streamline and increase program administrative efficiency; and enhance housing choice for residents. 

HUD Assistant Secretary Sandra Henriquez said, "This funding is a great resource for housing authorities, but we believe this new approach will give housing authorities a better way to address their capital needs over the long haul."


###
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov

 



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News