Wisconsin receives $150 million in federal grants from HUD

Affordable housing developments such as Clarke Square could be partially funded with federal community planning and development formula grants.

Wisconsin acquired greater than $58 million in neighborhood growth block grants in addition to a mixed $46 million in different grants from the U.S. Division of Housing and City Growth meant to bolster public companies, help resident-led problem-solving and housing packages all through the state.

Public housing authorities throughout the state additionally acquired almost $30 million in capital fund grants, and 11 Indian Housing Block Grants totaling $25 million had been allotted to Wisconsin tribes.

Right here we break down what meaning for the state.

What are Group Planning and Growth System Grants?

Group planning and growth formulation grants are federal monies used to supply protected and reasonably priced housing, and develop financial alternatives for folks with low-to-moderate incomes. The grants embrace neighborhood growth block grants, HOME funding partnership grants, emergency options grants, housing alternatives for individuals with HIV/AIDS and housing belief fund grants.

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