Urban Redevelopment Grants

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Cities can finance urban redevelopment by obtaining grants.
Cities can finance urban redevelopment by obtaining grants. (Image: construction 2 image by maloni from <a href='http://www.fotolia.com'>Fotolia.com</a>)

Cities around the United States can apply for grants to finance redevelopment projects to improve the living and economic conditions of those areas. Grants can be used to construct, renovate and improve residential and nonresidential structures and public facilities, as well as destroy structures that are no longer habitable. Funds can also be used to acquire land; pay for costs associated with the projects, such as administrative costs; and support programs for economic development and relocation assistance.

Community Entitlement Grants

The Department of Housing and Urban Development (HUD) funds community entitlement grants to finance redevelopment efforts in urban communities. These grants can be used to demolish, construct and renovate residential and nonresidential buildings. Funds can also be used to improve public facilities such as water and sewer systems and also support job creation and retention activities for businesses. Grants cannot support the construction of government buildings or political activities. Cities and counties with over 50,000 and 200,000 residents, respectively, are eligible to receive funds.

U.S. Department of Housing and Urban Development 451 7th Street SW Washington, DC 20410 202-708-1112 hud.gov

Neighborhood Stabilization Program

HUD also sponsors the Neighborhood Stabilization Program, which provides grants to revitalize urban areas that have been hit by foreclosed and abandoned homes. Grants can be used to demolish blighted structures, renovate residential and nonresidential structures and redevelop vacant properties. Funds can establish land banks for foreclosed homes. Eligible applicants include state and local government agencies. Recipients must allocate 25 percent of the grants to purchasing and renovating abandoned and foreclosed homes to be occupied by low income families.

U.S. Department of Housing and Urban Development 451 7th Street SW Washington, DC 20410 202-708-1112 hud.gov

Neighborhoods will benefit from revitalization.
Neighborhoods will benefit from revitalization. (Image: Neighborhood image by Joelyn Pullano from <a href='http://www.fotolia.com'>Fotolia.com</a>)

HOPE VI Revitalization

The HOPE VI Revitalization program provides grants to finance revitalization efforts of public housing areas. These grants are used to destroy uninhabitable public housing units; renovate and repair existing buildings; and purchase land for off-site construction. Residents who are displaced by the redevelopment projects can receive relocation assistance from community programs funded by these grants. Eligible applicants for these grants include public housing authorities (PHAs) and tribal housing agencies.

U.S. Department of Housing and Urban Development 451 7th Street SW Washington, DC 20410 202-708-1112 hud.gov

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