The five awardees will replace 1,853 severely distressed public housing units with nearly 3,700 new mixed-income, mixed-use housing units as part of an overall effort to revitalize neighborhoods. For every $1 in Choice Neighborhoods funding they receive, the awardees and their partners will leverage an additional $5 in public and private funding for their project proposals.
HUD received 34 applications for the FY2016 Choice Neighborhoods Implementation Grants. The following communities will receive grant funding: Housing Authority of the City and County of Denver, Colo. and the City and County of Denver, $30 million; Louisville (Ky.) Metro Housing Authority and the Louisville Metro Government, $29.575 million; Boston Housing Authority and the City of Boston; $30 million; City of St. Louis, Mo., $29.5 million; and the Housing Authority of the City of Camden (N.J.) and the City of Camden, $13.246 million.
Hopefully, these funds will assist these communities in turning these eyesores into quality neighborhoods.
Let us know what you think about this award funding. We'd love to hear from you.