Definition
HUD program providing grants to transform economically distressed neighborhoods through housing development and community improvements.
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Choice Neighborhoods funds comprehensive revitalization including mixed-income housing development, neighborhood improvements, and community services. Addresses concentrated poverty and housing quality. Public-private partnerships implement projects. Programs include displaced resident relocation assistance. Goal is creating diverse, economically healthy communities. Federal funding is competitive. Projects typically take multiple years. Communities gain improved housing and services. Program replaces troubled public housing with mixed-income developments.
Pro Tip
Monitor Choice Neighborhoods projects for investment opportunities in revitalizing areas.
Example
Choice Neighborhoods funded development of mixed-income housing and community amenities in a distressed neighborhood.