Federal Grant Award Summary

The City of Hollywood received a HOME Investment Partnerships Program (CFDA 14.239) formula grant award of $539,022.46 from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development, effective January 6, 2026, with a completion date of September 30, 2034. This funding supports the expansion of affordable housing supply for low- and very low-income residents in Hollywood, Florida through a range of eligible housing activities.

Under this award, the City of Hollywood will deploy HOME funds to finance affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to low-income households. All HOME-funded projects must meet federal income targeting and affordability requirements, with assisted housing remaining affordable to low-income households for 5 to 20 years depending on the activity type and funding contribution level. The City may undertake these housing projects directly or provide funds to developers, nonprofit organizations, and other community partners to achieve program objectives. As a participating jurisdiction, Hollywood is required to submit Consolidated Plans and annual action plans to HUD detailing deployment of funds and maintain compliance with applicable federal regulations.