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Did you know HUD brings more than $5 BILLION to the Oregon economy?
HUD provides funding in three ways:
- Mortgage insurance - provides credit enhancements for home buyers and for multifamily developers. The insurance results in additional private investment exceeding $4 billion in recent years.
- Rental Assistance - makes housing affordable for the very low-income. HUD contracts with local public housing authorities and private landlords to provide housing under the Low-Income Public Housing, Section 8 Vouchers, and the Section 8 project-based programs. Rental assistance brings in excess of $300 million to the Oregon economy.
- Grants - for housing and community development activities. HUD awards grants to local and state government, and occasionally non-profits. Awards are made either by formula distribution or by competitive process.
Using the following link, find out how much HUD funding comes to your community and for which programs.
Consolidated Federal Funds Report
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