Published

Apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades

  • HUD announces the last $30 million of over $1 billion spent to modernize affordable housing for low-income renters nationwide.
  • Grants and loans totaling about $1.4 billion have supported 270 properties with over 30,000 rental homes.
  • Investments were necessary to prevent some units from becoming distressed and worsening the affordable housing shortage.
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  • 62% of the sources are Center
61% Center
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