In July 2017 the U.S. House of Representatives Committee on Appropriations approved the 2018 Transportation, Housing and Urban Development Funding Bill, which provides billions of dollars for community development projects across the United States. Covering a wide range of initiatives from urban planning to toxic material cleanup, these projects will generate new government bidding opportunities at the state, local and federal levels.
HUD: Helping Those Who Need It Most
The Department of Housing and Urban Development (HUD) provides assistance and services for the people who need them the most, including the poor, elderly and disabled. As part of the 2018 bill, funding will be provided to the many agencies that are part of HUD, allowing them to complete new and existing projects that aid communities across the country.[i]
Agencies under The Department of Housing and Urban Development include:
- Community Planning and Development
- Fair Housing and Equal Opportunity
- The Federal Housing Administration
- The Government National Mortgage Association
- The Office of Inspector General
- The Office of Lead Hazard Control and Healthy Homes
- Public and Indian Housing
- The Neighborhood Reinvestment Corporation
- Policy Development and Research
- The U.S. Interagency Council on Homelessness
Building Homes and Communities
HUD’s primary goal is to ensure that people from all walks of life have the opportunity to live in a good home in a safe community. The 2018 bill will provide more than $40 billion in discretionary appropriations to HUD for various affordable housing, community development and social services programs, all of which require goods and services to be provided by outside vendors in order to be completed.
One major program that HUD administers is the rental assistance program, which provides rental support to approximately 5 million families; as well, 57 percent of recipients are elderly or disabled. $21.365 billion of the $40+ billion HUD has been allocated will pay for Section 8 vouchers, while an additional $6.45 billion will go to public housing projects. Both of these programs ensure affordable housing is available for the people that need it. [ii]
The second-largest amount of funding allocated by HUB, $6.85 billion, will be used for community planning and development projects. $3 million of those funds will go to the Community Development Block Grant program for various community projects, neighborhood stabilization programs and disaster recovery assistance payments. The Home program, which provides grants to state and local governments for the purchasing, building and rehabilitation of buildings for use as affordable housing, will also get $950 million. [ii]
The homeless-assistance programs that HUD administers will receive nearly $2.5 billion to pay for various housing and social services initiatives. This funding will replenish programs that help young people who are leaving foster care find housing, and also provide rapid housing assistance for domestic violence survivors. [ii]
Bidding Opportunities for Social Programs
With the money provided by 2018 Transportation, Housing and Urban Development Bill, state, local and federal governments will in turn be funding new projects across the United States. To acquire the goods and services they need to complete these projects, government departments and agencies will issue awards to select vendors who participated in the bidding process for each project. Vendors in all states should keep up to date about development projects associated with this bill, to ensure they don’t miss out on any lucrative business opportunities.
Kevin McClintock | BidNet.com