On December 12, HUD announced that five U.S. communities will receive a combined total of $132 million in FY 2016 Choice Neighborhoods Initiative (CNI) grant funds. The goal of the CNI is to aid struggling communities with severely distressed public housing or HUD-assisted housing by reinvesting in the community’s housing, residents, and neighborhoods.
These five communities will receive funding under the CNI’s Implementation Grant component, which supports communities that are ready to implement their neighborhood revitalization plan, or “Transformation Plan.” All five awardees are also past Choice Neighborhoods Planning Grant recipients.
The following communities will receive Implementation Grants:
According to HUD’s press release, the awardees will replace 1,853 severely distressed public housing units with nearly 3,700 new mixed-income, mixed-use housing units, and leverage every $1 in Choice Neighborhood funding with an additional $5 in public and private funding for their project proposals. Together, the awardees and their partners are expected to leverage a combined total of $636 million through other public/private sources and indirectly stimulate another $3.3 billion in their local economies.
Read a summary of each grants here.