Formula Grant M24UC470205

Award Date 9/10/24
Completion Date 9/30/33
Dollars Obligated $415K
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Memphis, TN 38103, USA
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This $414,932.13 Home Investment Partnerships Program (CFDA 14.239) formula grant was awarded on September 10, 2024 by the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development to the Shelby County Government in Memphis, Tennessee.

The grant funds will be used by Shelby County to finance a variety of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance. These activities are intended to expand the supply of affordable housing, particularly for low- and very low-income Americans, and strengthen the county's ability to implement affordable housing strategies. While the specific subrecipient activities are unknown at the time of award, the HOME program requires that at least 15% of funds be reserved for projects owned, developed, or sponsored by Community Housing Development Organizations.

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