This is a $288,403.45 Formula Grant awarded by the U.S. Department of Housing and Urban Development (HUD) under the HOME Investment Partnerships Program (CFDA 14.239). The grant was awarded to the City of Anniston, Alabama on November 21, 2024 with a performance period extending to September 30, 2033.
The HOME Investment Partnerships Program provides formula grants to state and local governments to expand the supply of affordable housing, particularly rental housing, for low- and very low-income Americans. The program aims to strengthen the ability of state and local governments to design and implement strategies for achieving adequate supplies of decent, safe, and affordable housing. The City of Anniston will utilize this funding to support a comprehensive range of eligible housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance, with a focus on expanding rental housing options for economically disadvantaged populations.