HUD No. 14-003
February 24, 2014
HUD AWARDS $703,496 TO ALABAMA ORGANIZATION SERVING SPECIAL NEEDS POPULATIONS
Funding benefits low- and moderate-income families and persons in rural areas.
BIRMINGHAM, AL - The U.S. Department of Housing and Urban Development today awarded $703,496 to Collaborative Solutions, Inc. from Birmingham, Alabama, to continue its community and organizational development strategies to improve the lives of low-income persons with special needs. The competitive grant fund is part of $4.7 million awarded to four organizations in the country.
"This grant provides tools to deliver housing solutions to the underserved rural population in Alabama facing a variety of special needs issues, including HIV/AIDS, homelessness, mental illness, substance abuse, domestic violence, employment, and housing," said Ed Jennings Jr., HUD Southeast Regional Administrator. "The objective is to increase the availability and long term sustainability of affordable housing for these persons."
Collaborative Solutions will use this funding to establish a $1,000,000 loan fund for profit and non-profit developers supporting housing projects in rural locations. The agency will also establish a loan loss reserve and $200,000 of grant funds will pay for underwriting, technical assistance and administrative cost.
HUD's Rural Capacity Building for Community Development and Affordable Housing Program supports national nonprofit organizations with expertise in rural housing and community development. In addition, this program enhances the capacity and ability of local governments, Indian tribes, housing development organizations, rural Community Development Corporations (CDCs), and Community Housing Development Organizations (CHDOs) to carry out community development and affordable housing activities that benefit low- and moderate-income families and persons in rural areas.
During the economic crisis, the need for affordable housing has only increased. The success of federal, state and local efforts to stabilize their housing markets relies on the capacity of local governments, Indian tribes, housing development organizations, rural community development corporations (CDCs), and rural community housing development organizations (CHDOs) to develop and implement effective housing and community development plans. Rural communities have unique challenges in meeting these needs. The funding provided through this program is intended to help these communities, Indian tribes and nonprofit development organizations to develop the skills and technical capabilities necessary to undertake effective community development activities.
Through the Rural Capacity Building for Community Development and Affordable Housing program, it is the Department's intent to fund a mix of applicants with demonstrated skills to carry out the eligible activities related to affordable housing and community development.
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and http://espanol.hud.gov. You can also follow HUD on twitter @HUDGov, on facebook at www.facebook.com/HUD, or sign up for news alerts on HUD's Email List.