Home investment partnerships program

The City of El Monte Housing Division received a formula grant allocation of $614,975.05 from the Department of Housing and Urban Development (HUD) under the Home Investment Partnerships Program (CFDA 14.239), effective September 23, 2025, through September 30, 2034. This allocation supports the city's delivery 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- and moderate-income households in El Monte, California.

Under this formula grant, the City of El Monte must ensure that HOME-assisted housing meets federal income targeting and affordability requirements, with funded units remaining affordable for 5 to 20 years depending on the activity type and amount of HOME funding contributed. As a participating jurisdiction, the City must maintain Consolidated Plans and annual Action Plans subject to HUD review and comply with applicable federal regulations. The funding represents the city's annual allocation of the national HOME program, which since its 1990 inception has distributed over $41 billion to create more than 1.3 million affordable housing units nationwide.