Formula Grant M24MC550204

The U.S. Department of Housing and Urban Development (HUD) awarded a $4,729,284.56 Home Investment Partnerships Program (CFDA 14.239) formula grant to the City of Milwaukee, Wisconsin on September 19, 2024. The HOME program provides grants to state and local governments to expand the supply of affordable housing, particularly rental housing, for low- and very low-income Americans.

Through this funding, the City of Milwaukee will undertake a variety of affordable housing activities, including rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition and construction of rental housing, and tenant-based rental assistance. The city has also allocated 15% of the grant funds for projects owned, developed, or sponsored by Community Housing Development Organizations (CHDOs). Additionally, the city may use up to 10% of the HOME allocation for program administration. The city has identified several sub-grantees, such as the Sherman Park Community Association, Milwaukee Habitat for Humanity, Milwaukee Christian Center, and Layton Boulevard West Neighbors, to assist in delivering affordable housing solutions and services to low-income residents.