ASI’s Vegas Valley Development Awarded $2.74 Million—One of Only Eight HUD 811 Grants Nationally
Accessible Space Inc. is a long time Praxis partner. Vegas Valley (now known as Vista del Sol) will start construction in October 2022. Praxis assembled the financing, which included HUD HOME funds, State NHTF, Federal Home Loan Bank AHP funds, tax credit equity, and construction debt through US bank, in addition to the HUD 811 funding. Praxis has assisted and completed 7 projects with Accessible Space Inc.
WASHINGTON - The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental housing for extremely low-income persons with disabilities. The capital advance awards will support integrated affordable housing by providing funding for the development of permanent supportive rental housing through HUD’s Section 811 Supportive Housing for Persons with Disabilities program, while project rental assistance awards are used to subsidize rents for extremely low-income persons with disabilities.
“HUD is committed to helping very low-income persons with disabilities with housing options that provide meaningful choices about housing, health care, and long-term services and support so they can participate fully in community life,” said HUD Secretary Ben Carson. “The Trump Administration has strongly supported our efforts to serve this population, including supporting the almost $150 million in HUD grants, and making $15 million in supplemental funds available under the CARES Act to help prevent, prepare for, and respond to COVID-19.”
The grants were awarded to organizations who will create permanent supportive housing models that will be at the forefront of design, service delivery and efficient use of federal resources. Awardees must promote long-term housing security and facilitate community integration of persons with disabilities.
“These awards reinforce our dedication to expanding the supply of affordable rental housing for persons with disabilities,” said Assistant Secretary for Housing and Federal Housing Commissioner Dana Wade. “The development of new rental housing, and subsidies for residents will expand their options to live with independence within the community in a more integrated environment.”
HUD provides rental assistance to more than 35,000 households through its Section 811 program. The program supports:
The following grantees received awards for Capital Advance Awards: