Home investment partnerships program

The City of Fullerton received a $466,386.07 formula grant award from the Department of Housing and Urban Development (HUD), Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239) on September 25, 2025. This award will support affordable housing activities through September 30, 2034. HOME formula grants fund a range of housing interventions 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 income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the type of activity and level of HOME funding contribution.

As a participating jurisdiction, the City of Fullerton's Administrative Services Division will utilize these funds directly or in partnership with developers and affordable housing providers to implement eligible HOME activities. The award is part of HUD's formula-based annual allocation, whereby 60 percent of HOME appropriations flow to localities and 40 percent to states. Since program inception in 1990, HOME has distributed over $41 billion nationally to create more than 1.3 million affordable housing units and provide rental assistance to over 422,000 households. The City of Fullerton must maintain records for five years beyond the required affordability periods and comply with 24 CFR Part 91 regulatory requirements.