HUD Announces $5 Billion In Grants For Affordable Housing

The pandemic has put more people’s housing situations at risk, and the U.S. Department of Housing and Urban Development is working to help. HUD Secretary Marcia Fudge has announced $5-billion in grants to state and local governments to make more affordable housing for people who are homeless, or at risk of having no place to go.

Ann Olivia at the Center on Budget and Policy Priorities explains that cities and states will be able to spend the money from HUD several ways. She says it can be used for rental assistance for tenants or to buy and renovate properties that a city could turn into permanent, affordable housing for the homeless.

“The best way to address homelessness is to provide housing, right?,” asks Giselle Routhier, policy director at the Coalition for the Homeless in New York. She explains the root cause of homelessness in many cities is the lack of affordable housing, so if governments use these grants to add more affordable housing, it could make a “significant difference.”

Source: Marketplace