Formula Grant M25MC120206

The City of Gainesville received a $605,269.91 formula grant award on February 11, 2026, from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the Home Investment Partnerships Program (CFDA 14.239). The award, with a completion date of September 30, 2034, supports the expansion of affordable housing supply for low- and very low-income residents in Gainesville, Florida through eligible housing activities that may include rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance.

Under the HOME program's formula allocation methodology, the City of Gainesville is required to deploy these funds in accordance with its Consolidated Plan and Annual Action Plan submissions to HUD, ensuring that all assisted housing meets income targeting requirements and maintains affordability for five to twenty years depending on the activity type. The city may deliver these housing services directly or through sub-award arrangements with developers, nonprofit organizations, and other community partners. This award represents a continuation of Gainesville's participation in the HOME program, which has distributed over $41 billion nationally since 1990 to create more than 1.38 million affordable housing units.