Best government sponsored seniors housing community program for Global Awards shortlisted
LONDON: The shortlist for the best government sponsored seniors housing community program has been declared.
Over 250 programmes have been considered by the awards secretariat. One of the finalists in this category is shown above.
HOME Investment Partnerships Program
HUD’s (HOME) provides annual formula grants to states and localities for use in communities, often through partnerships with local nonprofits. It is the largest federal block grant designed specifically for the creation of low-income housing.
The grant provides things like direct rental assistance to low-income households and funds the purchase, construction and rehabilitation of properties to serve as affordable housing both for homeowners and renters. HOME funding is especially useful because of its flexibility. Recipients are free to use it according to the specific needs, issues and priorities facing the communities that the grant will benefit.
The Global Award winner will be announced in December in London. (Globals)
