Affordable housing is incredibly important. Being able to find housing that is both safe and affordable is critical to the quality of life for millions of people. And affordable housing is something we’ve talked a lot about here at GrantNews. With so many people struggling as our economy tries to recover from the COVID-19 pandemic, it’s something that needs to be discussed. The government provides housing for some low-income and extremely low-income families and individuals. However, housing needs to be available so that middle-income people can afford to rent or buy homes in a safe location. Without enough building in an area, housing can remain very expensive, and out of reach for most. That’s why building affordable housing is critical.
And before we talk more about this grant award, let’s share a grant. Here’s a grant that we have on GrantWatch for South Carolina nonprofits in eligible areas for Housing and Education Initiatives.
Building Affordable Housing Can Help Open Doors for Communities
The U.S Department of Housing and Urban Development awarded this grant to the city of Detroit. The city plans on using this grant award to build 500 affordable housing units. These units will all be located in Corktown.
Here’s what Detroit Mayor Mike Duggan had to say about this grant being awarded: “The choice program was set up to take the old types of affordable housing projects we remember Detroit the Jeffries projects the Brewster projects where every one of low income was put into once high rise together.”
According to Mayor Duggan, residents of Detroit of all different incomes will live together within these housing units together. All of the residents will receive all of the same benefits. The mayor also said that 120 units will be built by ACD, which will start being built in left field this summer. The Clement Kern Garden housing project will also be fully rebuilt and revitalized. All current residents will have the option to stay or move to another housing project.
The total housing that will be built is 841 units, with 504 of those subsidized for affordable housing units. The way it’ll work is that:
- 40% of the new units will be for households that earn between 30% to 80% of the area median income. Or $50,000 in a two-person household.
- 20% of these new units will be for households that earn between 30% percent of the area median income. Or $19,000 for a two-person household.
- And 20% of these units will be for households that earn between 80% and 120% of area median income. Or no more than $76,000 for a two-person household.
GrantWatch Understands How Important This Is
We understand how absolutely critical affordable housing is. It’s essential that people have safe, affordable places to live. This means investment, it means building and it means funding. That’s why we are so happy to have an entire grant category on GrantWatch that may be able to help our readers. Go over to our housing grant category, and use our search tools!
If you have any questions regarding these grants, feel free to reach out! Visit the GrantWatch FAQs page to learn more about how to find grants in your area.