# FY23 HUDRD - Closing the Homeownership Gap and Preserving Homeownership During Economic Decline

Source: https://welltoldgrants.com/grants/fr-6700-n-29i-fy23-hudrd-closing-the-homeownership-gap-and-preserving/  
Official notice: https://www.grants.gov/search-results-detail/348399

> Department of Housing and Urban Development offered grants of up to $1.0 million (at least $250,000) to nonprofits, colleges and universities, tribes and businesses. It expected to make about 4 awards worth $1.0 million in total. Applications closed on July 24, 2023.

| Field | Value |
|---|---|
| Opportunity number | FR-6700-N-29I |
| Agency | Department of Housing and Urban Development |
| Status | Forecast |
| Deadline | July 24, 2023 |
| Award ceiling | $1.0 million |
| Award floor | $250,000 |
| Expected awards | 4 |
| Total funding | $1.0 million |
| Cost sharing | not required |
| Assistance Listings | 14.536 |

## Who can apply

- Public and State controlled institutions of higher education
- Native American tribal organizations (other than Federally recognized tribal governments)
- Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
- Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
- Private institutions of higher education
- For profit organizations other than small businesses

Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.

## What the grant funds

Through this NOFO, the Department of Housing and Urban Development (HUD) is announcing the availability of $1,000,000 for the research project titled “Closing the Homeownership Gap and Preserving Homeownership During Economic Decline.” HUD may fund more than one award from the funds available under this NOFO. The objective of the NOFO is to fund 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 (including private or philanthropic efforts on achieving preservation goals). Proposals may address either or both these topics. The research funded under this NOFO will advance scientific knowledge and produce policy-relevant evidence on homeownership gaps and may inform the development of future approaches to help communities of color and other underserved communities achieve more equitable homeownership rates. BackgroundHomeownership 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 who post a lower homeownership rate than non-underserved families (Ray, et al. 2021). These homeownership gaps have contributed to lower median family wealth for disadvantaged groups. Because wealth (as measured by the total amount of assets a person owns minus debts) is a critical predictor of education, health, employment, and other quality of life metrics, a strategy to address the homeownership gap can have positive effects beyond just housing itself. This NOFO is focused on providing greater analysis and research on critical aspects of the homeownership gap, including residential patterns of undeserved groups/communities and the causes of ethnic/racial/gender/age/other disparities and obstacles to homeownership among these groups. The neighborhoods where homebuyers purchase their homes contribute to their home’s worth and its chance of appreciation over time, which has important implications for the long-term financial returns associated with homeownership.

## Questions people ask

### Is FR-6700-N-29I still open?

No. It closed on July 24, 2023.

### Who can apply for FY23 HUDRD - Closing the Homeownership Gap and Preserving Homeownership During Economic Decline?

Department of Housing and Urban Development accepted applications from nonprofits, colleges and universities, tribes and businesses. The notice adds further conditions, so read its eligibility section.

### What is the deadline for FY23 HUDRD - Closing the Homeownership Gap and Preserving Homeownership During Economic Decline?

Closed July 24, 2023. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $1.0 million each. About $1.0 million in total across about 4 awards.