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Tag Archives: Project Rental Assistance Contracts (PRAC)

HUD Awards $160M to Non-Profits

The U.S. Department of Housing and Urban Development has announced a new slew of grants totaling $160.1 million to non-profit organizations across the country, supporting the development of new or the redevelopment of affordable multifamily rental housing. The grants can also be used to fund ongoing project-based rental assistance for low-income senior citizens.

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