Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the City of Merced $447,510.24 on January 13, 2026, under the HOME Investment Partnerships Program (CFDA 14.239), a formula grant that supports affordable housing development and tenant-based rental assistance for low-income households.

The City of Merced will use HOME funds to finance affordable housing activities including rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition, rehabilitation, or construction of rental housing, and tenant-based rental assistance. HOME-assisted housing must meet affordability requirements and remain affordable to low-income households for 5, 10, 15, or 20 years depending on the type of activity and the amount of HOME funding contributed.

The award carries a performance period through September 30, 2034, and is designated for activities in Merced, California 95340. The City of Merced qualifies as a participating jurisdiction under the HOME program and may undertake HOME projects directly or provide funds to developers, owners, or other affordable housing partners. Participating jurisdictions must maintain records for the most recent five-year period documenting compliance with program requirements, with records supporting affordability periods maintained for five years beyond the required compliance period.