Home investment partnerships program

The City of Phoenix received a $5.12 million formula grant award dated September 16, 2025, under the Home Investment Partnerships Program (CFDA 14.239), administered by the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development. The award supports affordable housing development and rental assistance activities within the Phoenix metropolitan area through September 30, 2034. Under this program, HOME funds are deployed to finance rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low-income households.

All housing assisted through HOME funding must meet income targeting and affordability requirements, with assisted units required to remain affordable for 5 to 20 years depending on the activity type and level of HOME contribution. The City of Phoenix, as an eligible participating jurisdiction, may undertake HOME projects directly or distribute funds to developers, owners, and partner organizations to support affordable housing initiatives. This award aligns with Phoenix's demonstrated capacity in administering federal housing programs and reflects the city's established track record managing HOME grants in conjunction with complementary HUD initiatives focused on community development and homelessness prevention.