Formula Grant M24MC450201

Award Date 8/29/24
Completion Date 9/30/33
Dollars Obligated $492K
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Charleston, SC 29401, USA
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The Department of Housing and Urban Development (HUD) awarded the City of Charleston a $491,545.51 Formula Grant under the Home Investment Partnerships Program (CFDA 14.239) on August 29, 2024. The HOME program provides formula-based grants to state and local governments to expand affordable housing opportunities for low- and very low-income households through a range of activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance.

Under this award, the City of Charleston will use the funds to construct new affordable rental housing units and support the rehabilitation of homes within the city, with 15% of the award set aside for Community Housing Development Organizations (CHDOs). The City has identified the Charleston County Human Services Commission, doing business as Palmetto Community Action Partnership, as a sub-grantee to construct the new affordable rental units, and the Charleston Redevelopment Corporation as a sub-grantee for the CHDO-led home rehabilitation projects.

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