The City of Moreno Valley received a formula grant award of $623,617.39 from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the HOME Investment Partnerships Program (CFDA 14.239). The award was obligated on September 25, 2025, with an ultimate completion date of September 30, 2034. This formula allocation supports the city's affordable housing initiatives in Moreno Valley, California, and is distributed annually through HUD's established formula methodology to participating jurisdictions.
Under this grant, the City of Moreno Valley utilizes HOME funding to support multiple affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low- and very low-income residents. All assisted housing units must meet income targeting and affordability requirements, with units remaining affordable for 5 to 20 years depending on the activity type and HOME funding contribution. The city is required to submit annual Action Plans and maintain records documenting compliance with program requirements for five years beyond the affordability periods, as outlined in 24 CFR Part 91.