HUD No. 24-012 HUD Public Affairs (202) 708-0685 |
FOR RELEASE Tuesday January 23, 2024 |
HUD Makes $150 Million in Funding Available to Tribal Communities for New Affordable Housing
Funds focus on new home construction in Tribal Communities.
WASHINGTON - This past week, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $150 million in funding for affordable housing projects that benefit low-income families in American Indian and Alaska Native communities.
“Strong investments in Tribal communities help ensure residents can access much-needed safe and affordable housing,” said Secretary Marcia L. Fudge. “The funds HUD is making available will meet the challenges of today and allow Tribal communities to make innovative and vital advancements needed to prepare for the future."
HUD will award the $150 million through the Indian Housing Block Grant (IHBG) Competition supporting Tribes and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities. The Department will give funding priority for new housing construction projects, housing rehabilitation projects, acquisition of existing housing units that increase the affordable housing stock, and necessary affordable housing-related infrastructure projects. Read the IHBG Notice of Funding Opportunity (NOFO) here.
Under the IHBG Competition, eligible applicants receive grants primarily to construct new affordable housing in safe and healthy environments in Tribal communities. A 2017 HUD Housing Needs Study concluded that 68,000 new homes are needed to replace substantially dilapidated homes and to address severe overcrowding in Tribal communities. These grant funds will help Tribes build new homes to improve housing conditions for Tribal members and help address some of this need. The deadline for submitting applications to the IHBG Competition is 11:59 PM ET on March 19, 2024. Applicants must complete and apply on www.Grants.gov.