10:23 PM
Julio Barreto
The Department of Housing and Urban Development (HUD) unveiled a proposal designed to replace the HOPE VI program. The new initiative, the Choice Neighborhood Initiative, would build on the framework established by the HOPE VI program by incorporating a broader spectrum of disciplines in the revitalization effort. This includes housing, transportation, education, energy and the private sector. HOPE VI provides grants to housing agencies to revitalize severely distressed public housing. While it is not a “neighborhood revitalization” program, HOPE VI projects have provided the impetus for broader neighborhood revitalization.The new proposal calls for $250 million in competitive grants to be awarded to eligible grantees which includes local governments, public housing agencies, community development...
