Formula Grant M25MC010203

The City of Mobile received $838,523.79 in formula grant funding from the U.S. Department of Housing and Urban Development (HUD) under the Home Investment Partnerships Program (HOME, CFDA 14.239) on February 26, 2026, with performance extending through September 30, 2034. The HOME program distributes need-based formula grants to states and local governments to expand affordable housing supply for low- and very low-income households. Under this award, the City of Mobile will deploy funds to finance affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to eligible households.

All HOME-assisted housing activities funded through this award must meet HUD's income targeting and affordability requirements, with assisted housing remaining affordable to low-income households for five to twenty years depending on the activity type and funding level. The City of Mobile may undertake housing projects directly or provide funds to developers, nonprofit organizations, or other community partners to achieve program objectives. The city is required to maintain records documenting program compliance and affordability periods in accordance with 24 CFR Part 91, with documentation maintained for five years beyond the required affordability period for each project.