HUD’s Choice Neighborhoods Initiative (CNI) supports locally driven strategies to help struggling neighborhoods through a comprehensive approach to neighborhood transformation. Local leaders, residents, and other stakeholders, including public housing authorities and private developers, come together to create and implement plans to transform distressed HUD housing and address challenges in the surrounding neighborhood, catalyzing critical improvements in vacant property, housing, services, and schools.

HUD’s CNI program includes two funding sources: planning grants and implementation grants. A public housing authority or other entity can apply for a CNI planning grant to complete a planning process. A housing authority or city agency can also apply for an implementation grant that will enable the project to move forward.

For CNI planning grant applications, D+B provides financial analysis that is a critical component of the Transformation Plan provided to HUD. Based on dialogue with the stakeholders, D+B prepares a financial plan that considers project phasing, income tiers, unit mix, tax credit and other financing funding cycles, housing tenure, and a variety of other factors. D+B has assisted housing authorities in Kansas City, Missouri; Covington and Louisville, Kentucky; Memphis, Tennessee, and Philadelphia in developing their Transformation Plans.

Similarly, D+B provides analysis for CNI implementation grant applications, including preparing detailed project budgets and program financial plans. The firm was involved in successful implementation grant applications for the North Central Norris neighborhood of Philadelphia in 2013 and the Ashview Heights and Vine City (University Choice) neighborhoods of Atlanta in 2014.