Home investment partnerships program

The City of Bowling Green, Kentucky received a formula grant award of $389,808.74 from the U.S. Department of Housing and Urban Development (HUD), Community Planning and Development division, under the Home Investment Partnerships Program (CFDA 14.239) effective September 11, 2025. This award will support affordable housing development and rental assistance activities through September 30, 2034. The HOME program provides formula-based allocations to states and local governments to expand the supply of affordable housing for low- and very low-income households.

Under this award, the City of Bowling Green will utilize HOME funds to finance a range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to eligible low-income households. All HOME-assisted housing funded through this grant must meet federal affordability requirements and remain affordable to low-income households for 5 to 20 years depending on the activity type and funding contribution level. The City may undertake these housing activities directly or distribute funds to developers, nonprofit organizations, and community partners to implement affordable housing initiatives within its jurisdiction.