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New Funding Opportunity: Grants for Homeownership Gaps and Preserving Homeownership During Economic Decline

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June 29, 2023  

New Funding Opportunity: Grants for Homeownership Gaps and Preserving Homeownership During Economic Decline

HUD’s Office of Policy Development and Research is excited to announce a new funding opportunity to research homeownership disparities, closing the homeownership gap, and preserving homeownership during economic decline.

Homeownership is often viewed as the entry to the American dream and the gateway to intergenerational wealth. However, this pathway is often less achievable for underserved groups. This funding opportunity is for rigorous evaluations of (a) the factors that contribute to the gaps in homeownership rates among different demographic groups, and the effect of public policies and other initiatives (including private or philanthropic efforts) on addressing these gaps, and (b) how homeownership can be preserved during economic decline including the effects of related public policies and other initiatives. This NOFO is focused on providing additional analysis and research on critical aspects of the homeownership gap, including residential patterns of underserved groups/communities and the causes of ethnic/racial/gender/age/other disparities and obstacles to homeownership among these groups. HUD expects that the research funded under this Notice of Funding Opportunity will contribute to general knowledge about homeownership gaps and a better understanding of the policies that work toward alleviating them.

Under this new funding opportunity, HUD is making $1 million in cooperative agreement funding available to up to four recipients. The full text of the funding announcement can be found here, and applications are due by July 24, 2023. We look forward to announcing the grantee(s) in the fall and updating the research community on this important work in the coming years.

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