Formula Grant M24MC400203

Award Date 9/3/24
Completion Date 9/30/33
Dollars Obligated $2.2M
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Oklahoma City, OK 73102, USA
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The City of Oklahoma City received a $2,236,658.57 Formula Grant award under the U.S. Department of Housing and Urban Development's (HUD) HOME Investment Partnerships Program (CFDA 14.239). The grant aims to expand affordable housing opportunities for low- and very low-income households through a range of eligible activities, including rehabilitation of owner-occupied housing, homebuyer assistance, rental housing acquisition/construction, and tenant-based rental assistance.

The City of Oklahoma City will use the HOME funds to directly undertake or provide sub-grants to developers and community organizations for affordable housing projects. Sub-awards have been issued for whole home rehabilitation, owner-occupied rehabilitation, and downpayment assistance programs that will benefit low-income residents. The grant period extends from September 2024 through September 2033, during which the City and its sub-awardees will work to create and preserve affordable housing units in the Oklahoma City area.

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