Home investment partnerships program

The City of Reno received a formula grant award of $1,375,820.23 from the Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239), effective September 19, 2025, through September 30, 2034. This funding supports affordable housing activities designed to expand the supply of housing for low and very low-income residents in Reno, Nevada.

The grant funds a range of affordable housing initiatives, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to low-income households. All housing assisted through these funds must meet federal income targeting and affordability requirements, with supported units remaining affordable for periods ranging from 5 to 20 years depending on the activity type and level of HOME funding contribution. As a participating jurisdiction, the City of Reno may implement these activities directly or provide funds to developers and other partners engaged in affordable housing development and preservation.