Formula Grant M24SG470100

Award Date 9/10/24
Completion Date 9/30/33
Dollars Obligated $13M
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Nashville, TN 37243, USA
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The City of Chattanooga received a $768,178.61 HOME Investment Partnerships Program (CFDA 14.239) formula grant award from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development. The grant, awarded on September 10, 2024, will be used to expand affordable housing opportunities for low- and very low-income individuals and families in Chattanooga, Tennessee through activities such as rehabilitation of owner-occupied housing, homebuyer...
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The U.S. Department of Housing and Urban Development (HUD) awarded a $12,910,084 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the Tennessee Housing Development Agency on September 10, 2024. This program provides formula-based funding to state and local governments to expand affordable housing opportunities for low- and very low-income Americans. The grant will be used to fund a range of eligible affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance. A minimum of 15% of the funds must be reserved for projects developed by Community Housing Development Organizations. Sub-awards totaling $16.6M have been made to various non-profit organizations, local governments, and housing authorities in Tennessee to carry out homeowner rehabilitation, homeownership, and rental housing activities that benefit low-income households.

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