The US Department of Housing and Urban Development (HUD) recently announced an additional $749 million in housing assistance funds for low-income seniors and people with disabilities.
The grant will allow for reconstruction and development of over 189 housing developments in 41 states and Puerto Rico.
The new funding stream is meant to provide affordable housing options coupled with supportive community services for people with severe mental illness, physical disabilities, or developmental disabilities.
HUD will be distributing approximately $150 million in funds to non-profit organizations through capital advances and project rental assistance contracts. The funds will provide those with chronic disabilities more options for affordable and accessible housing. Those qualifying under Section 811 will be required to pay no more than 30% of their income in rent.
Because of the project, an additional 4,800 people will have access to much needed housing and services. For further details, visit the HUD website.