Home investment partnerships program

The City of Anderson's Community Development Division received a formula grant award of $337,099.85 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), effective September 24, 2025, through September 30, 2034. This allocation supports affordable housing activities designed to benefit low- and very-low-income households in Anderson, Indiana.

Under this grant, the City of Anderson will finance a range of affordable housing initiatives, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All housing activities funded through this allocation must meet federal income targeting and affordability requirements, with assisted units required to remain affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. The City may implement these projects directly or distribute HOME funds to developers, owners, and other partners engaged in affordable housing development within the jurisdiction.