Home investment partnerships program

The City of Lowell received a formula grant award of $802,435.28 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 23, 2025, with a completion date of September 30, 2034. This award funds activities designed to expand the supply of affordable housing for low and very low-income residents in Lowell, Massachusetts.

Under the HOME program, the City of Lowell will utilize these funds to support eligible housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All housing assisted through this funding must meet federal income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. As a participating jurisdiction, the City of Lowell must comply with federal regulations under 24 CFR Part 91, submit annual Action Plans for HUD review, and maintain comprehensive records for five years beyond the required affordability periods to demonstrate compliance with program requirements.