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New Policy Resource Summarizes Community Restoration and Revitalization Fund

On Nov. 19, 2021, the House passed a $1.75 trillion Build Back Better Act that included $3 billion for a new Community Restoration and Revitalization Fund (CRRF). The Senate is expected to consider this bill in the coming weeks. If enacted, CRRF would create a new grant program at the Department of Housing and Urban Development (HUD) that supports community-led civic infrastructure and affordable housing activities in economically distressed communities across the country.

LIIF has created a policy resource to summarize the proposed CRRF program and ensure stakeholders are aware of this potential new source of transformative grant capital.