Home investment partnerships program

The Department of Housing and Urban Development awarded the City of Daytona Beach $351,210.34 under the Home Investment Partnerships Program (CFDA 14.239) on February 26, 2026. The award funds affordable housing activities including rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance to low-income households. HOME-assisted housing must meet affordability requirements and remain affordable for 5, 10, 15, or 20 years depending on the activity type and amount of HOME funding contributed. The City of Daytona Beach, a participating jurisdiction, may undertake projects directly or provide HOME funds to developers, owners, or other affordable housing partners. The period of performance extends through September 30, 2034, with work performed in Daytona Beach, Florida. As a formula grant, the award is based on a need-based allocation to states and localities; forty percent of HOME program funds nationally are allocated to states and sixty percent to localities.