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INVESTMENT GOVERNMENT PROPERTY PRESERVATION
HUD DECLARES 10M
IN FUNDING FOR
BUILDING GRANTS
e U.S. Department of Housing and
Urban Development (HUD) has announced
that it will make $10 million available in Rural
Capacity Building grants.
e Rural Capacity Building (RCB)
program enhances the capacity and ability
of rural housing development organizations,
Community Development Corporations
(CDCs), Community Housing Development
Organizations (CHDOs), rural local
governments, and Indian tribes to carry
out affordable housing and community
development activities in rural areas for the
benefit of low- and moderate-income families
and persons.
"HUD is committed to ensuring that
federal resources reach rural Americans,"
Secretary Marcia L. Fudge said. "rough
this opportunity, rural communities can
access critical resources for affordable housing
and community-led development, improving
economic outcomes and quality of life for
Americans in rural areas."
RCB provides competitive funding to
national organizations with expertise in rural
housing and rural community development
who work directly to build the capacity
of eligible beneficiaries. ese national
intermediary organizations will support local
eligible beneficiaries to spur affordable housing
activities and community development in
some of America's most underserved rural
communities. rough the RCB program,
national organizations provide training,
technical assistance, and financial support to
local beneficiaries, helping them serve hundreds
of low-income or low- and moderate-income
families and persons in rural areas.
e deadline for submitting applications
for FY 21 and FY 22 Rural Capacity Building
grants is 11:59 p.m. ET, October 11, 2022.
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