Biden-Harris Administration Invests $325 Million in Housing and Community Development Improvements

HUD No. 24-182 HUD Public Affairs (202) 708-0685

FOR RELEASE Tuesday July 16, 2024

WASHINGTON - Today, President Joe Biden and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to build more homes and revitalize neighborhoods that have been left behind. The awards will redevelop distressed housing with high-quality mixed-income options, while also providing residents with services focused on income, health, and education. Grant funds may also be used for neighborhood improvements which promote economic development and spur additional private investment.

"Since the beginning of this administration, President Biden has prioritized lowering housing costs by building new homes and investing in communities," said HUD Acting Secretary Adrianne Todman. "We are excited to announce the Choice Neighborhoods funding here in Las Vegas, which marks a transformative step towards uplifting our communities. This funding is not just an investment in buildings and infrastructure - it's an investment in people. By enhancing housing options, this administration remains committed to building neighborhoods where everyone has the chance to thrive."

Choice Neighborhoods is HUD's signature program and the largest place-based program in the federal government. With a comprehensive "Housing, People, and Neighborhood" approach to neighborhood investment, HUD is awarding new grants to cities in Tennessee, Texas, Alabama, Florida, Nevada, New York and New Jersey. HUD is also awarding an additional $19.5 million in funding to current grantees in Arizona, Louisiana, Maine, New Jersey, North Carolina, Ohio, and Virginia.

Choice Neighborhoods is a critical tool to preserve and expand the supply of affordable housing. The seven new Choice Neighborhoods Implementation Grantees will collectively develop over 6,500 new mixed-income units, including the one-for-one replacement of 2,677 severely distressed public housing units. The Choice Neighborhoods program has led to new businesses, parks, and grocery stores in historically disinvested neighborhoods nationwide. Resident incomes are increasing across most sites, in some cases doubling. To achieve their local goals, grantees leverage the funds they receive from HUD with other public and private resources. The seven new awardees will collectively invest more than $2.65 billion in additional resources within the Choice Neighborhood area - so that every $1 in HUD funds will generate $8.65 in additional resources.

"You cannot overstate the transformative nature of Choice Neighborhoods investments in these communities. Not only are these awards made in neighborhoods in greatest need, but awardees demonstrate the vision, diligence, and capacity to leverage these funds to expand housing supply and provide vital resources to residents," said Richard J. Monocchio, HUD's Principal Deputy Assistant Secretary for Public and Indian Housing. "This Administration recognizes the importance of providing access to employment opportunities, public transportation, healthcare services, and a wide range of other amenities to people living in these communities."

To see a summary on each community's new Implementation Grant award, click here. More information on Choice Neighborhoods Implementation Grants can be found here. Given the program's transformative reach, HUD continues to encourage eligible communities of all sizes to pursue a Choice Neighborhoods grant.

New Grantee Award Funding

Current Grantee Award Funding