Formula Grant M24DC450206

The U.S. Department of Housing and Urban Development (HUD) awarded a $675,768.30 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the County of Sumter, South Carolina on August 28, 2024. The HOME program provides grants to state and local governments to fund a variety of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, rental housing construction/rehabilitation, and tenant-based rental assistance. Per program requirements, the County of Sumter must reserve at least 15% of the HOME funds for projects sponsored by Community Housing Development Organizations, and can use up to 10% for program administration. The intended beneficiaries are low-income 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 grant has an ultimate completion date of September 30, 2033.