Home investment partnerships program

The City of Torrance received a formula grant award of $418,701.85 from the U.S. Department of Housing and Urban Development's (HUD) Assistant Secretary for Community Planning and Development under the Home Investment Partnerships Program (CFDA 14.239) effective September 25, 2025, with a completion date of September 30, 2034. This funding supports affordable housing activities designed to expand the supply of decent housing for low and very low-income residents, including rehabilitation of owner-occupied housing, homebuyer assistance programs, and acquisition and rehabilitation of rental housing units.

As an entitlement community under HUD's funding structure, Torrance must utilize these funds in accordance with its federally-approved Consolidated Plan and Annual Action Plans, with all assisted housing units required to maintain affordability for 5 to 20 years depending on the specific activity type and HOME contribution level. The city is responsible for maintaining records documenting compliance with program requirements for five years beyond the required affordability periods and must submit annual action plans and certifications to HUD for review and approval.