Grant program for neglected communities: revitalization and housing access.
This act establishes a grant program to help revitalize distressed neighborhoods and counties. The goal is to improve housing conditions, increase access to affordable homes and rentals, create jobs, and support local communities, especially those affected by historical inequalities.
Key points
Grants will be available for home repairs, mortgage assistance, and the purchase and redevelopment of abandoned properties into housing or commercial spaces.
The program aims to increase the supply of affordable rental and homeownership opportunities, including through support for community land trusts.
Funds can be used for neighborhood infrastructure improvements like parks and street lighting, and to support local development plans.
The act emphasizes preventing displacement of current residents and reducing wealth disparities, particularly among minority groups.
A key aspect is ensuring long-term affordability of supported housing and promoting energy and water efficiency in new constructions.
Expired
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