Home investment partnerships program

The City of San Diego's Economic Development Division received a $4.88 million formula grant award 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 funding supports 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-assisted housing must meet income targeting requirements and remain affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution.

As a participating jurisdiction under the HOME program, the City of San Diego will deploy these formula grant funds to finance a range of affordable housing initiatives throughout the San Diego area. The division may undertake projects directly or provide HOME funds to developers, housing authorities, and other partners to expand the supply of affordable housing for low and very low-income households. The award reflects HUD's ongoing support for local governments' capacity to design and implement comprehensive affordable housing strategies, with the participating jurisdiction required to submit five-year Consolidated Plans and annual Action Plans for HUD review and compliance with applicable regulations.