Home investment partnerships program

The City of Bristol, Tennessee received a formula grant award of $1,031,636.73 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), effective September 11, 2025, through September 30, 2034. This funding supports the expansion of affordable housing supply for low- and very-low-income households through eligible housing activities including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance. All HOME-funded projects must comply with federal income targeting requirements and maintain affordability for five to twenty years depending on the activity type and funding contribution level.

As a formula grant recipient, the City of Bristol is required to implement housing activities directly or distribute funds through sub-awards to developers, nonprofit organizations, and community partners. The city must submit a Consolidated Plan every five years and annual action plans with certifications to HUD for review and compliance verification under 24 CFR Part 91. Records documenting program compliance and affordability periods must be maintained for five years beyond the required affordability periods to ensure accountability and adherence to program requirements.