Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded $1,030,597.26 to the City of Irvine under the Home Investment Partnerships Program (CFDA 14.239) on November 25, 2025.

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

The City of Irvine, a participating jurisdiction, will perform the work at its location in Irvine, California. The period of performance extends through September 30, 2034. As a participating jurisdiction, the city may undertake HOME projects directly or pass funds to developers, owners of affordable housing, or other partners to carry out eligible activities.

The award is classified as a formula grant. Participating jurisdictions must maintain records documenting compliance with program requirements for the most recent five-year period, with additional record retention required for five years beyond the affordability period.