Formula Grant M25MC120228

The City of Lakeland received a formula grant award of $376,899.02 from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239) effective January 6, 2026, with a completion date of September 30, 2034. This funding supports affordable housing activities in Lakeland, Florida, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance for low- and very low-income households.

Under the HOME program's formula allocation methodology, the City of Lakeland will deploy these funds either directly or through partnerships with developers, nonprofit organizations, and other community partners to expand the local supply of affordable housing. All HOME-assisted housing must meet income targeting requirements and remain affordable to low-income households for 5 to 20 years depending on the activity type and funding contribution level. The city is required to maintain detailed records of fund utilization and program outcomes in accordance with 24 CFR Part 91 and submit annual action plans documenting the deployment and impact of awarded funds.