Formula Grant M25MC120233

The U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the City of Cape Coral a formula grant of $381,873.98 under the Home Investment Partnerships Program (CFDA 14.239) on January 2, 2026. This award supports the expansion of affordable housing supply for low- and very low-income residents through activities including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance. The grant extends through September 30, 2034, and is allocated to Cape Coral based on the established formula distribution methodology, which directs sixty percent of national HOME funds to localities.

As a participating jurisdiction, the City of Cape Coral will deploy these funds in accordance with its Consolidated Plan and annual action plans submitted to HUD, ensuring that all HOME-funded projects meet income targeting and affordability requirements with assisted housing remaining affordable to low-income households for the mandated period. The city will coordinate housing projects directly or through sub-award arrangements with developers, nonprofit organizations, and other community partners to achieve program objectives and increase the affordable housing stock within its jurisdiction.