Home investment partnerships program

The San Mateo County Department of Housing received a $1,250,803.45 formula grant from the U.S. Department of Housing and Urban Development (HUD) under the Home Investment Partnerships Program (CFDA 14.239), effective September 19, 2025 through September 30, 2034. This award supports the county's implementation of affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low- and very low-income households in the Belmont, California area. HOME-funded housing must meet income targeting and affordability requirements and remain affordable to low-income households for 5 to 20 years depending on the activity type and level of HOME funding contributed.

As a participating jurisdiction, San Mateo County administers these HOME funds according to its five-year Consolidated Plan and annual Action Plans, which are subject to HUD review for consistency with program purposes. The county may undertake HOME projects directly or provide funding to developers, owners, and nonprofit partners to expand the supply of decent, affordable housing. This formula grant allocation represents part of HUD's annual distribution of HOME funds, with 60 percent of national appropriations directed to localities and 40 percent to states.