Formula Grant M24MC480203

The Department of Housing and Urban Development (HUD) awarded the City of Dallas a $5,078,453.38 Formula Grant under the Home Investment Partnerships Program (CFDA 14.239) on September 6, 2024. The HOME program provides need-based grants to state and local governments to fund affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, rental housing construction/rehabilitation, and tenant-based rental assistance. The grant funds must benefit households with incomes at or below 80% of the area median income, with at least 90% assisting those at or below 60% of the median. The City of Dallas will use the HOME funds to implement a range of affordable housing initiatives based on the priorities identified in its five-year Consolidated Plan and annual Action Plan submitted to HUD. The grant has a planned completion date of September 30, 2033.