HUD Awards More than $50 Million in Section 202 Grants

Friday, February 7, 2020 - 12:00pm

The U.S. Department of Housing and Urban Development (HUD) today announced the award of more than $50 million to nonprofit organizations to finance affordable housing, provide rental assistance and facilitate supportive services for very-low-income seniors. The HUD Section 202 grants provide funds in the form of capital advances or project rental assistance contracts. The funds went to 18 grantees in 12 states.