HUD, White House Announce $5.5B In Housing Grants

The White House and HUD announced funding for urgently needed affordable housing and community development. More than 1,000 communities will receive $5.5 billion in grants. The money will go toward various housing-related areas, including resources for homebuilding, supporting renters and homeowners, and assistance for the homeless. “Homeownership is an essential part of the American Dream that represents so much more than a roof over our heads,” Vice President Kamala Harris said. “That is why President Biden and I are expanding on our historic investments in housing by announcing $5.5 billion that will increase access to affordable housing, invest in economic growth, and address homelessness in communities throughout America. This funding will build more affordable homes and support renters and homeowners…