Syracuse Housing Authority awarded $50,000,000 from HUDS Choice Neighborhoods
Choice Neighborhoods is HUD’s signature program and the largest place-based program in the federal government. With a comprehensive “Housing, People, and Neighborhood” approach to neighborhood investment, HUD is awarding new grants to cities in Tennessee, Texas, Alabama, Florida, Nevada, New York and New Jersey.
Choice Neighborhoods is a critical tool to preserve and expand the supply of affordable housing. The seven new Choice Neighborhoods Implementation Grantees will collectively develop over 6,500 new mixed-income units, including the one-for-one replacement of 2,677 severely distressed public housing units. The Choice Neighborhoods program has led to new businesses, parks, and grocery stores in historically disinvested neighborhoods nationwide. Resident incomes are increasing across most sites, in some cases doubling. To achieve their local goals, grantees leverage the funds they receive from HUD with other public and private resources. The seven new awardees will collectively invest more than $2.65 billion in additional resources within the Choice Neighborhood area – so that every $1 in HUD funds will generate $8.65 in additional resources.
“You cannot overstate the transformative nature of Choice Neighborhoods investments in these communities. Not only are these awards made in neighborhoods in greatest need, but awardees demonstrate the vision, diligence, and capacity to leverage these funds to expand housing supply and provide vital resources to residents,” said Richard J. Monocchio, HUD’s Principal Deputy Assistant Secretary for Public and Indian Housing. “This Administration recognizes the importance of providing access to employment opportunities, public transportation, healthcare services, and a wide range of other amenities to people living in these communities.”