Home investment partnerships program

The City of Chicago received $17.66 million in formula grant funding from the Department of Housing and Urban Development's Community Planning and Development division under the Home Investment Partnerships Program (CFDA 14.239) as of September 22, 2025. This award supports affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low-income households. The City of Chicago, as a participating jurisdiction, will utilize these funds to finance projects that meet specified income targeting and affordability requirements, with assisted housing units required to remain affordable for 5 to 20 years depending on activity type and funding contribution levels.

Since program inception in 1990, the HOME program has distributed over $41 billion nationally to create more than 1.38 million affordable housing units and provide rental assistance to over 422,000 households. The City of Chicago may undertake HOME-funded projects directly or distribute funds to developers and other affordable housing partners. The award period extends through September 30, 2034, during which the City must maintain comprehensive records and submit annual action plans consistent with its five-year Consolidated Plan for HUD review and compliance with applicable federal regulations.