Formula Grant M25MC130200

The City of Atlanta Department of Grants Community Development Division received a formula grant award of $2.03 million from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the Home Investment Partnerships Program (CFDA 14.239). The award, obligated on February 12, 2026, with a completion date of September 30, 2034, supports the expansion of affordable housing supply for low- and very low-income households in Atlanta, Georgia. The funding enables the city to implement diverse housing activities including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance.

As a formula grant recipient, the City of Atlanta is responsible for deploying these funds directly or through sub-award arrangements with developers, nonprofit organizations, and community partners to achieve program objectives. All HOME-funded projects must meet income targeting and affordability requirements, with assisted housing remaining affordable to low-income households for five to twenty years depending on the activity type. The city is required to submit and maintain compliance with Consolidated Plans and annual action plans as outlined in 24 CFR Part 91, and must maintain comprehensive records documenting program compliance for five years beyond the required affordability period.