Formula Grant M24MC170209

Award Date 8/30/24
Completion Date 9/30/33
Dollars Obligated $551K
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Springfield, IL 62701, USA
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The U.S. Department of Housing and Urban Development (HUD) awarded a $551,175.30 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the City of Springfield, Illinois on August 30, 2024. The HOME program provides need-based grants to state and local governments to fund a range of affordable housing activities, including rehabilitation, homebuyer assistance, rental housing development, and tenant-based rental assistance.

Through this award, the City of Springfield will use the HOME funds to implement affordable housing projects and services that benefit low-income households earning up to 80% of the area median income. At least 15% of the award must be reserved for projects sponsored by Community Housing Development Organizations. The city may also use up to 10% of the allocation for program administration. The specific subrecipient activities have not been identified at the time of the award.

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