The City of Lenoir received a formula grant award of $984,230.65 from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the Home Investment Partnerships Program (CFDA 14.239) on September 25, 2025. This award supports the expansion of affordable housing supply for low and very low-income residents through eligible housing activities including rehabilitation of owner-occupied homes, homebuyer assistance programs, and acquisition and construction of rental housing units.
All housing assisted under this grant must meet federal income targeting and affordability requirements, with units remaining affordable for 5 to 20 years depending on the activity type and funding contribution. The City of Lenoir, as a designated participating jurisdiction, is responsible for implementing these activities in accordance with its Consolidated Plan and Annual Action Plans, which are subject to HUD review and approval. The grant period extends through September 30, 2034, with performance conducted in Lenoir, North Carolina.