HUD Program Spends Average of $232,000 to Create Single Affordable Housing Unit

Average per-unit costs were $232,000, most for one-bedroom apartments, in a review of a U.S. Department of Housing and Urban Development program designed to build and preserve affordable housing.

The Department of Housing and Urban Development’s Housing Trust Fund program needs better oversight, according to a new report from the U.S. Government Accountability Office. 

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Michigan Gov. Whitmer Pitches $100 Million for Affordable Housing

Gov. Gretchen Whitmer announced plans to spend $100 million of federal stimulus money on affordable housing.

According to the governor’s claims, the proposal would assist 6,000 Michiganders, produce 2,000 rental housing units, and leverage an additional $380 million in private funding while creating 1,600 jobs.

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