Home investment partnerships program

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded Wake County Government $887,753.27 under the Home Investment Partnerships Program (CFDA 14.239) on December 22, 2025.

The award funds affordable housing activities including rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. HOME-assisted housing must meet affordability definitions and remain affordable to low-income households for 5, 10, 15, or 20 years depending on the activity type and HOME funding contributed. Participating jurisdictions may undertake HOME projects directly or provide funds to developers, owners, and other partners.

The performance period runs from December 22, 2025 through September 30, 2034, with work performed in Raleigh, North Carolina (Wake County's administrative location at 300 South Salisbury Street). This is a formula grant distributed according to HUD's need-based allocation methodology; formula allocations are not appealable. Wake County qualifies as a participating jurisdiction under the program's eligibility criteria for cities, urban counties, and consortia. The recipient must maintain records documenting compliance with program requirements for the five-year period following award, with affordability documentation records maintained for five years beyond that required period.