Home investment partnerships program

The Administration Louisiana Division of Community Development received a $318,016.12 formula grant award on September 23, 2025, 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). The award, with an ultimate completion date of September 30, 2034, funds affordable housing activities in Monroe, Louisiana, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low- and moderate-income households.

Under this formula allocation, the grantee will deploy HOME funds to support affordable housing initiatives that meet specific income targeting and affordability requirements, with assisted units required to remain affordable for periods ranging from 5 to 20 years depending on activity type and the level of HOME funding contributed. As a participating jurisdiction, the Administration Louisiana Division of Community Development may undertake HOME projects directly or partner with developers and other entities to deliver housing solutions. The organization must submit annual Action Plans for HUD review and maintain comprehensive records for five years beyond each affordability period to demonstrate compliance with program requirements.