Posted April 14, 2019 08:25:42 The United States’ Federal Housing Finance Agency (FHFA) is offering a $500,000 grant to anyone with an existing project in a city with a population over 10,000 that can be built within two years with a building permit.
The program is the latest in a series of federal grants for construction that have sprung up to support projects that could be built with $5m to $20m in government funds.
In July, FHFA announced a new federal program to fund small, medium and large-sized projects across the country, including construction of small office buildings, residential buildings, and commercial buildings.
Many of these projects have already been approved by the Federal Housing Administration, which runs the federal mortgage-backed securities market.
But with the federal government’s emphasis on the development of new affordable housing, FHA is now offering a new grant to help fund projects that can take place in communities with populations over 10 to 15,000, where construction can be completed in two to three years, and with a project permit.
This program is a significant step forward in supporting projects that may be more affordable, said FHAA Acting Commissioner of the Bureau of Housing and Urban Development, David Hildenbrand.
FHA will award up to $500k in projects for projects that are affordable to low- and moderate-income residents and businesses.
These projects are designed to be affordable to the families that they serve, said Hildebrand.
FHA will be evaluating projects that meet the criteria and are designed for low- to moderate- and high-income households.
FHHA is also partnering with other agencies and nonprofits to support community-based, community-owned construction projects.
For example, the agency has partnered with the National Park Service to support the National Historic Preservation Act project in Grand Rapids, Michigan, to construct a park and preserve a portion of the site.
Hildebrant said that this new federal grant is not just about money, but is designed to help communities become more resilient and resilient to the impacts of climate change.
“As the climate continues to change, the Federal Government needs to make it clear that we are prepared to act quickly and with greater certainty to help cities and communities adapt to the changes,” Hildegard said.
This federal program will help ensure that people who can afford to live in communities where they are not only able to build but can also afford to pay for their own infrastructure, Hildelbrand said.
The FHSA program will also support community building projects that will benefit communities in all 50 states.
FHRF President and CEO, Susan C. Hefner, said that the federal grant will help support communities across the United States to plan for and prepare for the impact of climate and the effects of extreme weather, such as droughts and wildfires.
“We know that we can work together to find solutions and find solutions that can serve all Americans, not just those who live in a place with the most affordable housing,” Hefnersaid.
“This grant will give communities across our nation a chance to build more resilient communities that can withstand climate change and the impacts it can have on our communities.”
The grant is available for any city with 10,001 or less population and up to two-thirds of that population is below 100% of the Federal poverty level, according to the FHTA.
There is also a $10,000 Community Development Block Grant available for projects to build homes, parks, public buildings and other community infrastructure.
This grant is targeted to areas with a low concentration of low-income people and is intended for projects in areas with high concentration of poor people.
The program will begin in 2018 and end in 2021.