Homelessness Prevention Fund (Formula)

Program Description

The Homelessness Prevention Fund will provide financial assistance and services to prevent individuals and families from becoming homeless and help those who are experiencing homelessness to be quickly re-housed and stabilized. The funds under this program are intended to target individuals and families who would be homeless but for this assistance. The funds will provide for a variety of assistance, including:  short-term or medium-term rental assistance and housing relocation and stabilization services, including such activities as mediation, credit counseling, security or utility deposits, utility payments, moving cost assistance, and case management.

At least 60 percent of funds must be spent within two years; all funds must be spent within three years. Reporting requirements will be presented in the forthcoming notice.

Process for Making Awards

The process for making awards shall be through formula allocation, using the formula for the Homelessness Prevention Fund.

Eligible Applicants

Eligible applicants include Metropolitan Cities, urban Counties and States (for distribution to local governments and private nonprofit organizations).

Funding Amounts

Total Funding: $1,500,000,000
Total Funds Allocated: $1,492,500,000
Total Funds Obligated: $0
Total Funds Expended: $0

See allocations by state

*Up to 0.5 percent of each amount appropriated in this legislation may be used for the expenses of management and oversight of the programs, grants, and activities funded by such appropriation.