Home investment partnerships program
Active Formula Grant Awarded
- Award ID
- M24MC130205
- Recipient
-
City Of Albany UEI LTKYTSME1B51
- Awarding agency
-
Assistant Secretary for Community Planning and Development
Department of Housing and Urban Development
- Obligated
- $457,907
Award facts
- Assistance listing
- 14.239 Home Investment Partnerships Program
- Completion date 22% complete
- Place of performance
- Albany, GA 31701, USA
Award details come from USAspending.gov.
About this award
The U.S. Department of Housing and Urban Development (HUD) awarded a $457,906.80 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the City of Albany, Georgia on November 19, 2024. The HOME program provides need-based grants to state and local governments to fund affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, rental housing acquisition/construction, and tenant-based rental assistance. HOME-funded projects must meet certain income targeting and affordability requirements, with assisted housing required to remain affordable to low-income households for 5-20 years depending on the activity. The City of Albany's Department of Community & Economic Development will directly undertake or provide HOME funds to developers, owners, and other partners to implement these affordable housing initiatives in the local community.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | $511 | |
| Original award | $457,396 |
Quick answers
Who received award M24MC130205?
M24MC130205 was awarded to City Of Albany by Assistant Secretary for Community Planning and Development (Department of Housing and Urban Development) on November 19, 2024.
How much is award M24MC130205 worth?
$457,907 has been obligated on M24MC130205.
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