The U.S. Department of Housing and Urban Development's Office of Multifamily Housing has announced $212 million in funding to expand the supply of affordable housing and supportive services for individuals with disabilities. This funding is allocated to the Section 811 Supportive Housing for Persons with Disabilities program, which aims to create, subsidize, and provide supportive services for rental housing that meets the needs of very-low and extremely-low–income Americans with disabilities, HUD reports.
The initiative offers $106 million in capital advances for developing or rehabilitating supportive housing and project rental subsidies to maintain affordability, and another $106 million goes to state housing agencies for project rental assistance.
“Every American should have the ability to live in affordable housing that caters to their needs. Unfortunately, today, far too many housing options are inaccessible to those with disabilities – and those with the appropriate accommodations are often too expensive,” said HUD Secretary Marcia L. Fudge. “This announcement delivers serious progress, making $212 million available to expand housing supply and supportive services for low-income folks with disabilities.”
Advertisement
Related Stories
Economics
Gen Z Feels Weight of US Debt Burden While Trying to Enter Housing Market
Current US debt has surpassed levels reached in the aftermath of World War II, with Gen Z bearing the brunt
Energy Efficiency
New Bill Aims to Curb Energy-Efficiency Standards for Home Appliances
Passage of the act by the House would add hurdles to creating new appliance standards and also make it easier to revoke existing standards
Affordability
$5.5B in Grants Allocated for Affordable Housing, Homelessness
With this funding, the Biden administration aims to boost the housing supply, lower housing costs, expand rental assistance, and enhance renter protections