$50 Million in Affordable Housing and Community Development Grants Awarded
The Department of Housing and Urban Development has announced $50 million in capacity building grants to three national groups that support affordable housing and community development.
The grants, which require a three-to-one private/public partnership, were awarded to Local Initiatives Support Corporation (LISC); Enterprise Community Partners, Inc.; and Habitat for Humanity International. These organizations will distribute the funds to 250 communities across the U.S. The monies are expected to ultimately result in construction, renovation, or preservation of approximately 8,000 housing units and to provide 1,000 training opportunities.
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