Affordable Housing Development in Main Street Rejuvenation Projects

Objective

To assist small communities with populations of 50,000 or less and 100 Public Housing units or less in the rejuvenation of historic or traditional central business districts or "Main Street Areas" by replacing unused commercial space in buildings with Affordable housing units. The objectives of the program are to: (1) Redevelop Main Street Areas; (2) Preserve historic or traditional architecture or design features in Main Street Areas; (3) Enhance economic development efforts in Main Street Areas; and (4) Provide affordable housing in Main Street Areas.

Who Can Apply

• Local (includes State-designated lndian Tribes, excludes institutions of higher education and hospitals

Eligible applicants include, and are limited to, Units of Local Government ("Local Government") that are subdivisions of State governments, and other governments listed in Section 102 of the Housing and Community Development Act of 1974. The jurisdiction of the Local Government must contain a population of no more than 50,000. The Local Government must either have no Public Housing Agency (PHA) or a PHA that administers no more than 100 public housing units.

Who Benefits

• U.S. Territories
• Individual/Family
• Builder/Contractor/Developer
• Land/Property Owner
• Local
• Low Income
• Suburban
• Rural
• Other public institution/organization

The beneficiaries are low-income families that occupy the newly developed affordable housing, and the local community that is benefiting from the Main Street rejuvenation project.

Assistance Types

• Project Grants

Program Contact

John.P.Holtgreive@hud.gov
2024026645