Home investment partnerships program

The City of Burlington, North Carolina received a formula grant award of $1,678,506.74 from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the HOME Investment Partnerships Program (CFDA 14.239). The award, made on September 22, 2025, with an ultimate completion date of September 30, 2034, funds affordable housing activities designed to expand the supply of decent housing for low and very low-income residents. Specifically, the funding supports rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance.

As a participating jurisdiction under the HOME program, the City of Burlington is required to implement these housing activities in accordance with its federally-reviewed Consolidated Plan and Annual Action Plans, ensuring that all assisted housing units meet income targeting and affordability requirements. The affordability periods for assisted units will range from 5 to 20 years depending on the activity type and level of HOME funding contribution. The city must maintain comprehensive records documenting program compliance for five years beyond the required affordability periods to demonstrate achievement of program objectives.