Formula Grant M24MC050202

Award Date 9/16/24
Completion Date 9/30/33
Dollars Obligated $366K
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Fort Smith, AR 72901, USA
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The Department of Housing and Urban Development (HUD) awarded a $365,726.81 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the City of Fort Smith, Arkansas on September 16, 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, or providing direct rental assistance to low-income people.

Through this grant, the City of Fort Smith will provide downpayment and closing cost assistance to at least 6 eligible, low-income homebuyers within the city limits. Additionally, the grant will fund the acquisition, rehabilitation, and resale of one existing single-family residential home. The sub-grantee for both projects is the Crawford-Sebastian Community Development Council, Inc., a non-profit organization that specializes in housing assistance and community development programs for low-income populations in rural Arkansas.

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