Connect with us

Hi, what are you looking for?

The Smart Citizen Report


U.S. HUD eases rules to speed funds to aid homeless

Economy1 hour ago (Sep 14, 2021 07:41PM ET)

(C) Reuters. FILE PHOTO: A man experiencing homelessness pulls a shopping cart on his bicycle in the Los Angeles River in Los Angeles, California, U.S. August 11, 2021. REUTERS/Bing Guan

By Andrea Shalal

WASHINGTON (Reuters) – The U.S. Department of Housing and Urban Development on Tuesday took steps to allow local communities to start tapping a $5 billion fund for creation of affordable housing and services for the half million people experiencing or at risk of homelessness.

The fund was created as part of the $1.9 trillion American Rescue Plan passed in March by President Joe Biden to address the COVID-19 pandemic.

Many large U.S. cities have seen a spike in homeless numbers during the global pandemic, compounding a growing problem, and U.S. officials fear the situation could get worse after the U.S. Supreme Court struck down a federal moratorium on evictions.

“There is no time to wait to assist the more than half a million Americans on any given night who are enduring this pandemic in crowded shelters or on the streets,” HUD Secretary Marcia Fudge said in a statement.

A new HUD notice released Tuesday would allow communities to gain quicker access to the fund.

Under regular guidelines, applicants must wait for funds until their allocation plans are completed and approved. But HUD will now allow grantees to get 5% up front, with the remaining funds to follow once their plans are accepted.

HUD said the change would help address homelessness in extremely low-income households, including through tenant-based rental assistance and acquisition and development of shelter units.

HUD reported in March that 580,466 people experienced homelessness in the United States on a single night in 2020, up 2.2 percent from 2019. Its annual report found people of color were significantly over-represented among those experiencing homelessness.

U.S. HUD eases rules to speed funds to aid homeless

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Join Our Time-Limited Free Subscription! Get Latest Trading Ideas, Business Info and Market Stocks.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Editor's Pick

 Going Full Liberal In response to the arrest of a man who walked into a cafe holding a baseball bat and screaming through a megaphone, a...


Cryptocurrency1 hour ago (Mar 15, 2021 05:00AM ET) XRP Price Prediction if It Wins Lawsuit 2020 was a striking year for cryptocurrencies as it...

Editor's Pick

Going Full Liberal More trouble for creepy Joe. An extensive new survey by Morning Consult of nearly 28,000 registered voters presents some troubling numbers for the...


World50 minutes ago (Jul 23, 2021 08:52AM ET) (C) Reuters. FILE PHOTO: A medical worker prepares a syringe at a coronavirus disease (COVID-19) vaccination...

Editor's Pick

Going Full Liberal National Public Radio (NPR) posted a tweet Saturday urging every reader to begin “decolonizing your bookshelf.” According to NPR, “white voices...

Editor's Pick

Going Full Liberal The liberal plan?  Get the body count as high as possible to hurt Trump.  These people are disgusting. Last week, the...

Editor's Pick

Going Full Liberal Liberal brilliance on full display. New York City appears to have experienced a surge in shootings this week after the New...

Editor's Pick

Going Full Liberal The Justice Department released Peter Strzok notes from 1/4/2017 regarding the Flynn-Kislyak calls. Last month it was revealed 2020 Democrat presidential...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.

The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

© Copyright 2021, All Rights Reserved