“The U.S. Department of Housing and Urban Development’s (HUD) Office of Sustainable Housing and Communities (OSHC) released its 2012 Accomplishments Report, Helping Communities Realize a More Prosperous Future, which highlights how grantees of the 2010 and 2011 HUD Sustainability Grants are working to support locally led collaborative efforts that are building stronger regional economies.
‘Regions that embrace sustainable development by making connections between housing and jobs have a built-in competitive edge in attracting employers and private investment. We are beginning to see this in the grantee communities and regions helped by our grants,’ said HUD Secretary Shaun Donovan. ‘Our nation’s ability to compete in a global economy is dependent upon how quickly and efficiently we can connect workers and families to education and employment opportunities.’
Among the most significant findings of the report is the almost 100 percent leveraging of federal funds. In 2010 and 2011 OSHC awarded 152 grants in 48 states, totaling $240 million. This in turn has generated almost $253 million in private investments and commitments from local partners. The report further highlights that HUD’s Sustainable Communities grantees have brought significant local, state and private resources to the table. HUD’s investment of $95.8 million in 2011 generated $115 million in matching and in-kind contributions – which is more than 120% of the Federal investment – from the 56 selected grantees.
HUD estimates that its two years of grant funding will have a positive impact on 133 million Americans by helping their communities and regions become more efficient and competitive while improving their quality of life.”