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HUD Announces Availability of $492.5M in HOPE VI Grants

Thursday, August 1, 2002 - 7:00AM

The U.S. Department of Housing and Urban Development’s (HUD) today announced the availability of $492.5 million in 2002 HOPE VI Revitalization Grants to help transform public housing. HOPE VI funds may be used for an array of eligible activities, including: capital costs of major rehabilitation, new construction and other physical improvements; demolition of severely distressed public housing; acquisition of sites for off-site construction; and community and supportive service programs for residents. According to HUD a maximum of $20 million per grant was set for the program this year to make funds available to more cities. Click here for the HOPE VI 2002 Notice of Funding Availability (NOFA).

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