Home investment partnerships program

The City of Bethlehem, PA was awarded a $391,294.31 Formula Grant under the U.S. Department of Housing and Urban Development's (HUD) HOME Investment Partnerships Program (CFDA 14.239) on November 6, 2024. The HOME program provides grants to state and local governments to fund affordable housing activities, including rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. The grant will enable the City of Bethlehem to undertake a range of affordable housing initiatives that must meet certain income targeting and affordability requirements, with the housing remaining affordable to low-income households for 5 to 20 years depending on the specific use of funds. As a participating jurisdiction, the City of Bethlehem can directly implement HOME-funded projects or provide the grant funding to developers, owners of affordable housing, or other partners to carry out eligible activities.