U.S. Department of Housing and Urban Development (HUD)
Mission and Vision
The mission of the Department of Housing and Urban Development (HUD) 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; and build inclusive and sustainable communities free from discrimination.
Grant Program Highlights
The Appalachia Economic Development Initiative (AEDI) is a collaborative effort among three federal agencies – the Department of Housing and Urban Development (HUD), the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), and the Department of Agriculture - Rural Development (USDA-RD). The AEDI's goal is to increase access to capital for business lending and economic development in the chronically underserved and undercapitalized Appalachia Region. Specifically, it will provide investment and technical assistance to State community and/or economic development agencies that apply on behalf of local rural nonprofit organizations or community development corporations which focus on small business development to benefit the residents of the Appalachia Region.
The Choice Neighborhoods program supports locally-driven strategies to address struggling neighborhoods with distressed public or HUD-assisted housing through a comprehensive approach to neighborhood transformation. Local leaders, residents, and stakeholders, such as public housing authorities, cities, schools, police, business owners, nonprofits, and private developers, come together to create and implement a plan that transforms distressed HUD housing and addresses the challenges in the surrounding neighborhood. The program is designed to catalyze critical improvements in neighborhood assets, including vacant property, housing, services, and schools.