Grants To Revamp Neighborhoods

3 August 2002 - 11:00am

HUD makes $492.5 million available for revitalization projects; new guidelines to cap each grant.

Revitalization grant funds may be used for capital costs of major rehabilitation, new construction and other physical improvements, demolition of severely distressed public housing, acquisition of sites for off-site construction and community and supportive service programs for residents, including those relocated as a result of revitalization efforts.

Source: Inman News, August 2, 2002
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Areas well-served with public transit and nearby jobs and services simply require less travel because residents have the option of walking, riding a bike, taking public transit, or driving.