HUD Announces $400M In Indian Housing Block Grants

Posted by Orb Staff on February 09, 2012 No Comments
Categories : Residential Mortgage

10901_indianhousing HUD Announces $400M In Indian Housing Block Grants The U.S. Department of Housing and Urban Development (HUD) has announced $404 million in Indian Housing Block Grant (IHBG) allocations to nearly 300 tribes in 27 states.

The HUD funds are distributed each year based on a formula to eligible Indian tribes or their tribally designated housing entities for a range of affordable housing activities. More than $250 million in IHBG funds are still to be allocated among Native American communities this year. The amount of each grant is based on a formula that considers local needs and housing units under management by the tribe or designated entity.

‘These funds are making a real difference in tribal communities each and every day,’ says HUD Secretary Shaun Donovan. ‘Projects include affordable housing, infrastructure upgrades, community centers and safety programs that every community needs to thrive. These efforts are part of a broader commitment to ensure Native American communities can build their economies in response to their needs and as they see fit.’

(Photo courtesy of the National American Indian Housing Council)

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