Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the City of Homestead, Florida, $392,070.90 under the Home Investment Partnerships Program (CFDA 14.239) on January 16, 2026. The award funds affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance for low-income households. HOME-assisted housing must meet affordability requirements and remain affordable for 5, 10, 15, or 20 years depending on the activity type and amount of HOME funding contributed. Performance extends through September 30, 2034, with place of performance in Homestead, Florida. The City of Homestead Finance & Budget Division administers the grant. HOME is a formula grant program that allocates funds annually to states and local governments designated as participating jurisdictions; 60 percent of program funds go to localities and 40 percent to states. Participating jurisdictions may undertake projects directly or pass HOME funds to developers, owners, or other partners for affordable housing activities.