Home investment partnerships program

The City of Bay City received a $244,397.04 formula grant 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), awarded on September 17, 2025, with a completion deadline of September 30, 2034. The HOME program provides need-based formula grants to states and local governments for affordable housing activities, with 60 percent of annual appropriations directed to eligible localities such as Bay City.

Through this award, the City of Bay City will fund a range of affordable housing activities designed to serve low-income households, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All HOME-assisted housing must meet specified income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the type of activity and level of HOME funding contribution. The City of Bay City may undertake these projects directly through municipal staff or partner with developers, housing owners, and other organizations to implement funded initiatives that benefit residents throughout the municipality.