The U.S. Department of Housing and Urban Development (HUD) has awarded Indianapolis almost $10 million in Continuum of Care (CoC) funds to support more than 20 community projects serving high-risk residents in the county seeking affordable housing, according to a press release from the Indianapolis Department of Metropolitan Development, Fox 59 reports.
The announcement about the funding—Indianapolis’ largest award ever—was made by Indianapolis Mayor Joe Hogsett, the Coalition for Homeless Intervention and Prevention, the City-County Council, and the Department of Metropolitan Development, among other community partners.
This award comes after a Notice of Funding Opportunity (NOFO) was issued in August of 2022 by HUD for the CoC competition awards. This opportunity is one of the largest federal grants for cities to address homelessness. The city of Indianapolis applied and was awarded the $9.9 million figure, which was 100% of the funds requested, representing a consistent increase in money that the city has received over the past decade.
Advertisement
Related Stories
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable
Off-Site Construction
New Study Examines Barriers and Solutions in Manufactured Housing
The study from Harvard's Joint Center looks at the challenges faced by developers using manufactured housing and how they're overcoming those barriers