Home investment partnerships program

The City of Urbana received a formula grant allocation of $633,154.18 from the U.S. Department of Housing and Urban Development (HUD) under the Home Investment Partnerships Program (CFDA 14.239), awarded on September 23, 2025, with a completion date of September 30, 2034. This funding supports affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance for low- and very-low-income households. The City of Urbana, serving as a participating jurisdiction, will utilize these funds to expand the supply of affordable housing in the Urbana, Illinois area while meeting federal income targeting and affordability requirements.

As a recurring recipient of HOME program funds since 2021, the City of Urbana has demonstrated substantial capacity in managing affordable housing initiatives. The awarded units and rental assistance provided must maintain affordability for periods of 5 to 20 years depending on the activity type and level of HOME funding contribution. The city may undertake projects directly or distribute funds to developers and partners. All activities must comply with applicable federal regulations, consolidated planning requirements, and record-keeping obligations specified under 24 CFR Part 91.