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

Summary

The Biden-Harris Administration, through HUD Acting Secretary Adrianne Todman, announced the allocation of $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to boost housing and economic development. These funds aim to transform distressed housing areas into high-quality mixed-income neighborhoods and provide residents with essential services like healthcare, education, and job support. The program will also generate significant private investment, with each $1 of HUD funds attracting $8.65 in additional resources. The grants are part of HUD’s broader effort to enhance community development and housing affordability across various states, including Tennessee, Texas, and Nevada.

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