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HUD AWARDS HOPE VI GRANTS

Tuesday, May 24, 2011 - 1:30AM

The U.S. Department of Housing and Urban Development (HUD) yesterday awarded nearly $153 million in HOPE VI Revitalization Program grants to eight public housing authorities (PHAs). HUD said the funds, which will come from HOPE VI fiscal year (FY) 2010 and FY 2011 appropriations, will help the cities transform severely distressed federally-subsidized housing developments into mixed-income communities. The agency selected the grantees from among 36 PHAs that applied for HOPE VI funding.

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