Federal Grant Award Summary

The City of Sarasota received $818,532.42 in formula grant funding under the Home Investment Partnerships Program (CFDA 14.239), administered by the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development. The award was obligated on January 12, 2026, with a completion date of September 30, 2034. This formula-based allocation supports the City's efforts to expand the supply of affordable housing for low- and very low-income residents through a range of housing activities and community development initiatives.

Under this award, the City of Sarasota utilizes HOME program funds to support diverse affordable housing activities, which may include rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance. All HOME-funded projects must meet federal income targeting and affordability requirements, ensuring that assisted housing remains affordable to low-income households for five to twenty years depending on the activity type. The City's performance under the grant is monitored through submission of Consolidated Plans and annual action plans to HUD, with maintained compliance records required for five years beyond the affordability period.