Home investment partnerships program

The City of Owensboro received a formula grant award of $273,553.01 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 16, 2025, with a completion date of September 30, 2034. This funding supports affordable housing activities including the rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to low-income households in Owensboro, Kentucky.

As a participating jurisdiction, Owensboro City Building will deploy HOME funds to expand the local supply of affordable housing while maintaining compliance with federal income targeting and affordability requirements. All HOME-assisted housing must remain affordable to low-income households for periods ranging from five to twenty years, depending on the activity type and level of HUD funding contribution. The city may undertake these housing activities directly or distribute funds to developers, nonprofit organizations, and community partners to implement affordable housing initiatives that serve the Owensboro community.