Home investment partnerships program
Active Formula Grant Awarded Last action
- Award ID
- M24MC060202
- Recipient
-
City Of Berkeley UEI KC7DYLV9EF25
- Awarding agency
-
Assistant Secretary for Community Planning and Development
Department of Housing and Urban Development
- Obligated
- $550,245
Award facts
- Assistance listing
- 14.239 Home Investment Partnerships Program
- Completion date 22% complete
- Place of performance
- Berkeley, CA 94704, USA
Award details come from USAspending.gov.
About this award
The U.S. Department of Housing and Urban Development (HUD) awarded the City of Berkeley a $550,245.01 Home Investment Partnerships Program (HOME) formula grant on November 7, 2024. The HOME program provides funding to state and local governments to expand the supply of affordable rental and homeownership housing for low- and very low-income households.
The grant will support a range of affordable housing activities in Berkeley over the performance period ending September 30, 2033, including rehabilitation of owner-occupied housing, homebuyer assistance, and acquisition/construction of rental housing. The City of Berkeley plans to leverage the HOME funds by providing them as sub-awards to affordable housing developers like Satellite Affordable Housing Associates (SAHA). SAHA will use the sub-award funding to support the planning and operations necessary for creating affordable housing units for low-income residents in Berkeley.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | $549,631 | |
| Original award | $614 |
Quick answers
Who received award M24MC060202?
M24MC060202 was awarded to City Of Berkeley by Assistant Secretary for Community Planning and Development (Department of Housing and Urban Development) on November 7, 2024.
How much is award M24MC060202 worth?
$550,245 has been obligated on M24MC060202.
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