Home investment partnerships program

The City of Fort Smith received a formula grant award of $364,809.69 from the Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239) on September 22, 2025. The award, with an ultimate completion date of September 30, 2034, supports affordable housing initiatives within the Fort Smith, Arkansas jurisdiction.

Under this HOME formula grant, the City of Fort Smith is authorized to finance a range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to low-income households. All HOME-funded housing must meet federal income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the activity type and level of HOME funding contributed. As a participating jurisdiction, the City of Fort Smith may undertake HOME projects directly or distribute funds to developers, owners, and other affordable housing partners, consistent with its Consolidated Plan and Annual Action Plan submissions required under 24 CFR Part 91.