Project Grant B24CPNY1731

This $1,500,000 federal Project Grant was awarded by the U.S. Department of Housing and Urban Development (HUD) under the Economic Development Initiative, Community Project Funding, and Miscellaneous Grants program (CFDA 14.251). The grant was awarded on August 13, 2024 to Life Of Hope, a minority-owned non-profit organization and community development corporation located in Brooklyn, NY. The grant funding is intended to support a wide range of economic development and community development activities in the Brooklyn area, with the expected outcome of completing the project as described in the Joint Explanatory Statement (JES) and subsequent approved project narrative. The specific activities to be performed are not yet known, as HUD will not have full details until the recipient submits the required project narrative. However, the program typically supports initiatives such as real property acquisition, housing rehabilitation, public facilities improvements, public services, and economic development efforts aimed at creating jobs and fostering business growth in targeted communities.