Formula Grant M24SG120100

Award Date 9/26/24
Completion Date 9/30/33
Dollars Obligated $17M
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Tallahassee, FL 32301, USA
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The Department of Housing and Urban Development (HUD) awarded a $17,382,287.49 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the Florida Housing Finance Corporation on September 26, 2024. The HOME program provides grants to state and local governments to fund activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership, or provide direct rental assistance to low-income households.

Through this grant, the Florida Housing Finance Corporation will use the funds to acquire, rehabilitate, and construct affordable rental housing units, provide homebuyer assistance, offer tenant-based rental assistance, and support housing rehabilitation projects. At least 15% of the grant funds must be reserved for projects owned, developed, or sponsored by Community Housing Development Organizations. The grant activities are expected to be completed by September 30, 2033.

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