Inman

Department of Housing and Urban Development offering $2 billion in homeless assistance grants

Homelessness is a problem for any community — and the social and financial consequences that stem from a sizable homeless population can impact lifestyles, standards of living and home values.

Well, here’s some good news: A program that provides funding to state and local governments through the Department of Housing and Urban Development (HUD) for the purpose of ending homelessness has announced that it’s making $2 billion in funds available.

The nuts and bolts

According to its page on the HUD website, the Continuum of Care (CoC) Program “provides funding for efforts by nonprofit providers and State and local governments to quickly re-house homeless individuals and families to minimize trauma and dislocation,” among other goals.

Financial grants are offered “through a competitive process” for private nonprofit, state and local organizations that want to build, acquire, rehabilitate or lease buildings “to provide transitional or permanent housing; rental assistance; payment of operating costs; supportive services; re-housing services; payment of administrative costs; and grants for technical assistance,” states the website.

Last week, HUD announced that it would make $2 billion in grants available to those private nonprofit, state and local organizations; applications for the funds must be completed by September 28 at 8 p.m. ET on the HUD portal.

The CoC program has the following priorities, according to the funding announcement:

“We know these grants can make a huge difference in ending homelessness” said HUD Secretary Ben Carson in a statement. “HUD continues to forge deep relationships with our local partners to invest in proven programs that are working to reduce the scale of homelessness in their communities.”

Email Amber Taufen

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