HUD Announces $5 Billion to Increase Affordable Housing to Address Homelessness
HUD Secretary Marcia L. Fudge announced the allocation of nearly $5 billion in American Rescue Plan (ARP) funds to help communities across the country create affordable housing and services for people experiencing or at risk of experiencing homelessness. Secretary Fudge made the announcement during a Zoom call with U.S. Senator Sherrod Brown (OH), Michigan Governor Gretchen Whitmer, and Birmingham, Alabama Mayor Randall Woodfin.
The supplemental funding is allocated through the HOME Investment Partnerships Program to 651 grantees, including states, insular areas, and local governments. View the Full List of HOME-ARP Allocations.
The $4.925 billion in HOME-ARP funding gives states the flexibility to best meet the needs of people experiencing or at risk of experiencing homelessness, including through development of affordable housing, Tenant-Based Rental Assistance (TBRA), supportive services, and acquisition and development of non-congregate shelter units. Funds must be spent by 2030.
This funding is the first of two homelessness-related funding opportunities from the ARP that HUD will release. In the coming weeks, HUD will announce the allocation of funding for emergency vouchers.
While the nearly $5 billion in funding will deliver near-term relief to people experiencing or at-risk of experiencing homelessness, President Biden’s American Jobs Plan would build on this relief with additional robust funding to bring the United States closer to ending homelessness and housing instability.