LISC Awarded a $28M HUD Section 4 Grant to Strengthen Local Nonprofit Housing Organizations Serving Under-Resourced People and Places Across the U.S.
LISC is among three of the country's largest community development and housing groups receiving a total of $83M in U.S. Department of Housing and Urban Development Section 4 capacity building funding. LISC will use its $28M allocation to support 480 community development corporations nationwide, focusing on affordable housing access in historically disinvested communities. The grant includes a three-to-one match commitment of $85 million.
The excerpt below was originally published by U.S. Department of Housing and Urban Development:
HUD Awards $83 Million to Boost Local Affordable Housing and Community Development
WASHINGTON (April 4, 2024) - The U.S. Department of Housing and Urban Development (HUD) announced today that it will award $83 million to three organizations for local affordable housing and community development activities that benefit people with low-incomes. The funding, awarded through HUD’s Capacity Building for Affordable Housing and Community Development program, also known as Section 4, will be used to create jobs and affordable housing units.
“At HUD developing all communities, including rural and tribal, is an important part of our mission and these capacity building grants are further evidence of our commitment,” said Acting Secretary Adrianne Todman. “The funding we are announcing today helps rural communities build and invest in better neighborhoods for their residents so that they have access to safe, affordable homes.”
The three national organizations, Enterprise Community Partners, Local Initiatives Support Corporation (LISC), and Habitat for Humanity International, will receive the funds and will use them to serve Native Hawaiian, American Indian, and Alaska Native communities and populations in areas including, but not limited to, rural areas. In addition, these grantees are all working to support the Rural Partners Network, the Administration’s all-of-government effort to support rural communities.