August 9, 2019

HUD: $6 Million Awarded to Provide Technical Assistance to Distressed Communities

LISC to help smaller communities experiencing economic distress, recovering from disaster

The U.S. Department of Housing and Urban Development (HUD) today announced that it is awarding $6 million to the Local Initiatives Support Corporation (LISC) to provide critically needed technical assistance to distressed communities with populations under 40,000, including those located in Opportunity Zones and communities struggling to recover from natural disasters.  Read more about HUD’s Distressed Cities Technical Assistance.

“Today, we make another critical investment to support distressed communities struggling against the headwinds of economic decline and natural disasters,” said HUD Secretary Ben Carson. “The technical assistance provided to these communities will help local planners deploy a variety of federal resources to stimulate job growth and economic recovery for the benefit of their citizens, including the leveraging of Opportunity Zone investment.”

Using HUD’s technical assistance, LISC will:

This post was originally published here.