Formula Grant M25MC180211

The City of Terre Haute Redevelopment Department received a $364,183.98 formula grant award dated September 17, 2025, under the Home Investment Partnerships Program (HOME, CFDA 14.239), administered by the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development. The grant funds 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. All HOME-assisted housing must meet specified income targeting and affordability requirements and remain affordable to low-income households for 5 to 20 years, depending on the activity type and level of HOME funding contributed.

As a participating jurisdiction, the City of Terre Haute Redevelopment Department directly implements the funded activities without documented subcontractors, delivering community development and housing services to low- and moderate-income populations within its jurisdiction. The award operates through a nine-year obligation period extending to September 30, 2034, consistent with the long-term commitment typical of HOME formula grants. The department is required to maintain records for five years beyond each affordability period and submit annual Action Plans and five-year Consolidated Plans to HUD for review within 45 days of receipt.