Vice President Harris has announced the recipients of new grants under the Pathways to Removing Obstacles to Housing (PRO Housing) grant competition with the goal of building more housing, and lowering housing and rental costs for American families. Funding will support updates to state and local housing plans, land use policies, permitting processes, and other actions aimed at building and preserving more affordable housing.
Common barriers to housing identified in the PRO Housing applications include the high cost of land and development, underutilized vacant land and property, aging housing stock, inadequate infrastructure, displacement pressures, risks of extreme weather or environment hazards, and outdated land-use and permitting policies and processes. The Biden-Harris Administration will also release an additional $100 million in PRO Housing funding later this Summer.
“President Biden and I believe that every American deserves affordable housing so they have a roof over their head and a place to call home. That is why we have a plan to build millions of new units of affordable housing in communities all across our nation, which will bring down the cost of housing for renters and help more Americans buy a home,” said Vice President Harris. “Today, I am proud to announce that we are taking a critical step forward by investing $85 million to help more than 20 communities throughout our country remove barriers to building more affordable housing.”
HUD is awarding $85 million in funding through PRO Housing to 21 winners. HUD also announced an additional $142 million in funding to support energy efficiency and climate resiliency renovations to combat the climate crisis and improve the lives of residents in HUD-supported housing through the Green and Resilient Retrofit program. As of today, HUD has announced a total of $686 million under this program.
On Tuesday, U.S. Treasury Secretary Janet Yellen also announced that $100 million in revenue from COVID-era community lending investments would be diverted to a new affordable housing financing fund. The awards include a wide swathe of U.S. cities, including $6.7 million for L.A. County.
Photo courtesy of REUTERS/Evelyn Hockstein
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