Formula Grant M24UC100201

Award Date 11/6/24
Completion Date 9/30/33
Dollars Obligated $964K
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
New Castle, DE 19720, USA
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The U.S. Department of Housing and Urban Development (HUD) awarded a $964,059.59 Home Investment Partnerships Program (HOME) formula grant to New Castle County Government in Delaware on November 6, 2024. The HOME program provides grants to state and local governments to fund a range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance.

Under this award, New Castle County plans to utilize the HOME funds to acquire, construct, or rehabilitate affordable housing units to be occupied by low-income households. The county has sub-awarded portions of the grant to Interfaith Community Housing of Delaware, Inc., a non-profit community development organization, to assist in the construction of 9-12 new affordable homes in Townsend, DE and to create additional affordable housing units in the area. The HOME program requires at least 15% of the funds to be reserved for projects developed by Community Housing Development Organizations like Interfaith Community Housing.

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