Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the City of Aurora, Colorado $1,073,087.92 under the Home Investment Partnerships Program (CFDA 14.239) on March 13, 2026, as a formula grant to expand the supply of affordable housing for low and very low income residents.

The HOME program finances rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance. HOME-assisted housing must meet affordability definitions and remain affordable to low-income households for 5, 10, 15, or 20 years depending on the activity type and funding contribution. Participating jurisdictions such as Aurora undertake HOME projects directly or distribute funds to developers, owners, or other affordable housing partners.

The award obligates $1,073,087.92 with a period of performance extending through September 30, 2034. Performance takes place in Denver, Colorado (City of Aurora's administrative location). Aurora receives formula allocations as a participating jurisdiction through the standard HOME program allocation structure, where 60 percent of HOME funds are distributed to localities and 40 percent to states.