Partnership for Sustainable Communities

06 Dec: Helping Communities Realize a More Prosperous Future

The U.S. Department of Housing and Urban Development’s (HUD) Office of Sustainable Housing and Communities (OSHC) recently released its 2012 Accomplishments Report, Helping Communities Realize a More Prosperous Future, (pdf download) 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. 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…