The City of Waco Finance Department Division received a $677,193 HOME Investment Partnerships Program (CFDA 14.239) formula grant from the U.S. Department of Housing and Urban Development (HUD) on September 16, 2024. This grant will be used by the city to provide a range of affordable housing activities, including rehabilitation of owner-occupied homes, assistance to homebuyers, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance. The HOME program is designed to strengthen local governments' ability to address affordable housing needs for low- and very low-income households. The city must reserve at least 15% of the grant funds for projects undertaken by Community Housing Development Organizations. The grant period extends through September 30, 2033.
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