Formula Grant M24DC370213

Award Date 9/17/24
Completion Date 9/30/33
Dollars Obligated $917K
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Raleigh, NC 27601, USA
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The grant funds will be used by Wake County Government to support a range of eligible affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance. Two notable sub-awards were provided: $XXX,XXX to Hampton Spring Housing Associates, LLC for the development, construction, and permanent financing of a 56-unit elderly/senior apartment complex, and $XXX,XXX to non-profit organization Casa to support the development of Hope Village at Method Apartments. These sub-awards demonstrate Wake County's strategic approach to leveraging federal funding to create new affordable housing options and address housing insecurity within the community.

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