Monday, Jun 3 2013 4:28PM

An HUD grant may help revitalize several low-income housing units across the country.

The U.S. Department of Housing and Urban Development (HUD) announced its plans to extend $109 million in grants to revitalize low-income communities as well as HUD-assisted housing. 

The agency noted that the funds may be used to rebuild or replace poor or substandard housing for those living in low-income properties or receiving affordable housing assistance through an agency program.

The grants are also expected to help HUD achieve its overall goal of improving whole communities by increasing educational opportunities for residents, and improving public safety, small business growth and good school systems. The funds may be extended to public housing authorities, local governments, nonprofit organizations and tribal members.

"The Choice Neighborhoods program is critical to building stronger, safer neighborhoods that thrive and provide ladders of opportunity for hard working families," said HUD Secretary Shaun Donovan. "We look forward to working with community leaders across the country to expand this program, while supporting President Obama's proven tools that strengthen and support our nation's hard working communities."

Assisted housing may become more challenging for many low-income Americans in the future as the effects of the sequestration budget cuts set in. HUD previously noted that this may impact several demographics, including seniors, veterans and Native Americans. 

For more information, check out this resource: The U.S. Department of Housing and Urban Development