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All U.S. states are automatically eligible for HOME funds, and each receives a minimum of $3 million for the program, while local governments receive a minimum of $500,000 (unless the United States Congress assigns $1.5 billion or less to the program, in which case they receive a minimum of $335,000). [2]
The program has been known as RAISE since 2021, and has awarded 90 projects across 47 states plus the District of Columbia and Guam in 2021, 166 projects across 50 states and various territories in 2022, and 162 projects across 50 states and various territories in 2023. [11] In 2023, the program received $2.2 billion in federal funding. [12]
The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.
“We have a housing [supply] crisis,” Grant Cardone, private equity fund manager and real estate investor, told GOBankingRates. “We’re short 4 million homes in America, and we’re short ...
Tens of thousands of California residents will decide whether to permanently relocate or rebuild their homes after the most destructive fires in Los Angeles’ history.
However, if you're a homeowner, there's another reason why autumn should be your favorite season: It's the best time to make outdoor home improvements. More specifically, it's the best time to add ...
[56] [57] Using Tesla’s software platform, GMP could aggregate 2,000 Powerwall home batteries in the utility's pilot program to reduce system-wide peak load by 10 MW, which was the equivalent of removing about 7,500 homes from the grid at peak times.
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