The Housing and Urban Development (HUD) will be giving out a grant of $5 billion to local and state governments to help make housing more affordable, especially to the homeless. This grant comes from the COVID relief package.
Between 2019 and 2020, homelessness increased by 2%. Even before the pandemic began, homelessness has been an issue. However, the pandemic worsened this issue.
The $5 billion grant will help to solve a lot of housing problems. States, cities, and towns can now spend this money from Housing and Urban Development, according to Ann Oliva at the Center on Budget and Policy Priorities.
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Olivia suggested that this grant can be used in different ways such as providing tenant-based rental assistance, purchasing and renovating properties. She maintained that a city could become affordable housing for the homeless.
One of the best ways, homelessness can be addressed is by providing more affordable housing. The major reason people are homeless in New York City is lack of affordable housing, according to the policy director at the Coalition for the Homeless in New York, Giselle Routhier
If local governments actually use this funding to increase the amount of affordable housing, it could make a significant difference.Routhier