Formula Grant M24MC040243

The Department of Housing and Urban Development (HUD) awarded the City of Mesa, Arizona a $1,114,406.58 Formula Grant under the Home Investment Partnerships Program (CFDA 14.239) on September 21, 2024. The HOME program provides need-based grants to state and local governments to fund activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership, as well as providing direct rental assistance to low-income households.

Based on the priorities outlined in its five-year Consolidated Plan and annual Action Plan, the City of Mesa will use the HOME grant funds to acquire owner or renter occupied housing in standard condition to be occupied by low-income households, newly construct or rehabilitate affordable rental or owner-occupied housing, provide homeownership assistance to low-income buyers, and/or offer tenant-based rental assistance to low-income households. At least 15% of the HOME funding must be reserved for projects owned, developed, or sponsored by Community Housing Development Organizations, and up to 10% can be used for program administration.