Lead-Safe and Healthy Homes Financing Demonstration

The Lead-Safe and Healthy Homes Financing Demonstration is a federal funding opportunity administered by the Department of Housing and Urban Development. This program is designed to address persistent environmental health hazards in residential housing, particularly those affecting low-income communities. HUD has a long-standing role in addressing lead hazards, having remediated over 230,000 housing units since the early 1990s, yet millions of homes remain at risk. This initiative reflects a strategic shift toward leveraging both public and private capital to scale remediation efforts more rapidly and effectively across the United States. The primary purpose of this funding opportunity is to establish and support a National Fund Manager that will design and manage a financing platform dedicated to lead-safe and healthy homes interventions. The selected entity will be responsible for creating a national fund that aggregates public and private investment to finance housing improvements that reduce lead exposure and other environmental hazards. The program emphasizes improving health outcomes, particularly for children at risk of lead poisoning, while also strengthening housing conditions in underserved communities. Funding under this program is structured as a cooperative agreement with a total allocation of up to 10 million dollars. A single award will be made to one entity that will act as the National Fund Manager. Of the total funding, no more than 1 million dollars may be used for administrative expenses, with the remaining funds deployed through financing mechanisms such as loans, grants, and other financial products. These funds will flow through intermediary organizations to support remediation activities carried out in homes owned by low-income homeowners or small landlords. Eligible applicants include nonprofit organizations with or without 501(c)(3) status, excluding institutions of higher education. Applications may be submitted by a single organization or a consortium, provided that one eligible entity is designated as the lead applicant responsible for compliance, reporting, and overall grant management. Individuals, foreign entities, and sole proprietorships are explicitly excluded from eligibility. All consortium members must meet civil rights compliance requirements as outlined in the funding notice. The application process requires electronic submission through Grants.gov by the stated deadline. While no pre-application or letter of intent is specified, applicants are expected to prepare a comprehensive proposal detailing their ability to structure and manage the fund, attract private capital, and oversee program implementation. The evaluation process will focus on the applicant’s capacity to manage complex financial structures, provide technical assistance, and ensure compliance with federal standards for environmental remediation and housing quality. The application window opens on June 3, 2026, and closes on August 3, 2026, at 11:59 p.m. Eastern Time. There is no indication that this opportunity is recurring. HUD will maintain oversight of the fund’s structure and performance, although it will not participate directly in investment selection decisions. The performance period and award notification timeline are not explicitly stated in the summary, but the selected National Fund Manager will be expected to rapidly deploy funds and establish operational infrastructure to meet program goals. Questions regarding the opportunity may be directed via email to the program contact listed in the notice.

Emphasize ability to leverage private capital and manage national-scale financing structures