Lead-Safe and Healthy Homes Financing Demonstration

This funding opportunity supports the establishment of a National Fund Manager (NFM) to design and administer a Lead-Safe and Healthy Homes Fund Demonstration. The purpose of this initiative is to create the first national financing facility that aggregates public and private capital to accelerate the reduction of residential lead hazards and advance the eradication of childhood lead poisoning. Authorized under Sections 501 and 502 of the Housing and Urban Development Act of 1970 and funded through the Further Consolidated Appropriations Act, 2024, the program seeks to leverage federal resources at a minimum 4-to-1 ratio to expand investment in lead hazard control and healthy housing interventions. The National Fund Manager will raise and assemble capital, develop financial products such as credit enhancements and loan guarantees, and partner with community development organizations to expand access to grants and loans for low- and moderate-income households. By mobilizing private sector investment alongside public funding, the program aims to accelerate lead hazard remediation, complement existing HUD and EPA programs, and strengthen national capacity to address housing-related health and safety hazards.