Home investment partnerships program

The City of Holyoke received $840,123.05 in formula grant funding on September 23, 2025, 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. This award supports affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, and acquisition and rehabilitation of rental housing. All HOME-assisted housing must meet income targeting requirements for low-income households and must remain affordable for 5 to 20 years depending on the type of activity and amount of HOME funding contributed to each project.

The City of Holyoke will undertake these housing activities either directly or through partnerships with developers and affordable housing organizations, with project completion targeted by September 30, 2034. This award is part of the HOME program's ongoing mission to expand the supply of affordable housing nationwide; since 1990, the program has distributed over $41 billion to create more than 1.388 million affordable housing units and provide tenant-based rental assistance to over 422,000 households. As a participating jurisdiction, the City must submit consolidated and annual action plans for HUD review and maintain records for five years beyond each activity's affordability period to demonstrate compliance with program requirements.