Home investment partnerships program

Summary of Federal Formula Grant Award

The City of Davenport received $406,017.48 in formula grant funding from the Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the Home Investment Partnerships Program (CFDA 14.239), awarded on September 19, 2025, with an ultimate completion date of September 30, 2034. This allocation supports the city's affordable housing initiatives through financing of owner-occupied housing rehabilitation, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low-income households.

Under the HOME program's formula allocation structure, the City of Davenport will deploy these funds to expand the supply of affordable housing while strengthening local capacity to design and implement housing strategies. All assisted housing must meet federally mandated income targeting and affordability requirements, with units remaining affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. The city will undertake these activities directly or partner with developers and housing providers, and must maintain comprehensive records and submit annual Action Plans for HUD review in accordance with 24 CFR Part 91 requirements.