Home investment partnerships program

The City of San Buenaventura received a formula grant award of $375,715.53 from the 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, dated September 23, 2025, with a completion date of September 30, 2034, funds affordable housing activities that benefit low- and very low-income households in Ventura, California. The HOME program distributes formula-based grants to states and local governments designated as participating jurisdictions to finance a range of housing initiatives, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance.

Under this award, the City of San Buenaventura will implement affordable housing activities that meet federal income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the activity type and extent of HOME funding contributed. The city may undertake projects directly or provide funds to developers, owners, and other affordable housing partners. As a recurring recipient of HOME formula grants, San Buenaventura demonstrates capacity to manage the program's compliance requirements, including submission of five-year Consolidated Plans and annual Action Plans for HUD review, as well as maintenance of program records for five years beyond affordability periods.