Unprecedented joint funding to foster integrated approach to housing, jobs and transportation
WASHINGTON – In an unprecedented collaboration between two federal agencies, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Transportation (DOT) today jointly awarded nearly $68 million to help stimulate a new generation of sustainable and livable communities that connect housing, employment and economic development with transportation and other infrastructure improvements. The joint HUD-DOT funding will support 62 local and regional partnerships seeking to create a more holistic and integrated approach to connecting affordable housing, job opportunities and transportation corridors.
HUD is awarding $40 million in new Sustainable Community Challenge Grants to help support local planning designed to integrate affordable housing, good jobs and public transportation. Meanwhile, DOT is awarding nearly $28 million in TIGER (Transportation Investment Generating Economic Recovery) II Planning Grants to implement localized plans that ultimately lead to projects that integrate transportation, housing and economic development (see attached funding chart).
portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-242
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