Home investment partnerships program

The U.S. Department of Housing and Urban Development (HUD) awarded a $362,324.08 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the Summit County Housing Fund Community Development Fund (Summit County, OH) on December 4, 2024. This grant will fund a range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance. Projects funded through this award must meet income targeting and affordability requirements, ensuring the assisted housing remains affordable to low-income households for 5-20 years depending on the activity. As a participating jurisdiction, Summit County will either undertake these HOME-eligible projects directly or provide the funds to developers, owners of affordable housing, or other partners. This funding supports HUD's goal of expanding the supply of affordable housing for low- and very low-income Americans through the formula-based HOME program.