Grants / Department of Housing and Urban Development / Department of Housing and Urban Development

FR-6700-N-29I: FY23 HUDRD - Closing the Homeownership Gap and Preserving Homeownership During Economic Decline

Closed Closed July 24, 2023 Opportunity FR-6700-N-29I ☆ Save

This grant is closed. Who won this program's grants before is below, and similar open grants are at the end of the page. It is in our archive of Department of Housing and Urban Development notices from 2023.

• Award ceiling$1.0 million
• Award floor$250,000
• Total funding$1.0 million
• Expected awards4
• Cost sharingNot required
• Funding typeCooperative Agreement

Key dates

Who can apply

This opportunity was open to nonprofits, colleges and universities, tribes and businesses.

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

More grants for nonprofits, colleges and universities, tribes, businesses.

Is this a realistic fit?

• No cost sharing or match is required.

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.

Category: Housing.

We found no grant awards under Assistance Listing 14.536 in fiscal 2021 to 2025, which usually means the program is new or very small.

Applying now

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