Federal Grant Award Summary

The City of Homestead received a $392,070.90 formula grant 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), awarded January 16, 2026, with a completion date of September 30, 2034. This funding supports affordable housing activities designed to expand the supply of affordable housing for low- and very low-income residents in Homestead, Florida.

Under the HOME program, the City of Homestead will deploy these funds toward eligible activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All HOME-assisted housing must meet income targeting and affordability requirements, with housing remaining affordable to low-income households for five to twenty years depending on the activity type and funding contribution level. The city may undertake projects directly or provide HOME funds to developers, nonprofit organizations, and other community partners to achieve program objectives. As a participating jurisdiction, Homestead is required to maintain comprehensive records documenting program compliance and affordability periods in accordance with 24 CFR Part 91.