Formula Grant M24DC170205

Award Date 9/3/24
Completion Date 9/30/33
Dollars Obligated $1.5M
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Waukegan, IL 60085, USA
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The Department of Housing and Urban Development (HUD) awarded a $1,450,501 Home Investment Partnerships Program (CFDA 14.239) formula grant to The County of Lake Illinois on September 3, 2024. This funding is used to expand the supply of affordable housing for low- and very low-income Americans through activities such as rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance.

The County of Lake Illinois plans to utilize this HOME program funding to benefit households at or below 80% of the area median income, with at least 90% of rental units and tenant-based rental assistance serving those at or below 60% of the area median income. The county has allocated a portion of the funds to Community Housing Development Organizations (CHDOs) and for program administration. Sub-awards from this HOME grant have been made to the City of Waukegan for homeowner-occupied rehabilitation and to Community Partners for Affordable Housing for homebuyer down payment assistance and housing counseling services.

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