HUD Announces Release of $5 Billion in American Rescue Plan Funds to Address Homelessness

HUD Secretary Marcia Fudge announced on April 8 the allocation of nearly $5 billion in American Rescue Plan (ARP) funds to help communities across the country create affordable housing and services for people experiencing or at risk of homelessness.

The $4.925 billion in HOME-ARP funds give states the flexibility to meet the needs of people experiencing or at risk of homelessness, including through development of affordable housing, tenant-based rental assistance, supportive services, and acquisition and development of non-congregate shelter units for permanent affordable housing. This is the first of two homelessness-related funding opportunities from the American Rescue Plan that HUD will release. In the coming weeks, HUD is expected to announce the release of $5 billion for new Housing Choice Vouchers provided in the American Rescue Plan.

Read HUD’s announcement at: