Home investment partnerships program

The U.S. Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded the City of Missoula Finance Department a formula grant of $334,594.97 under the Home Investment Partnerships Program (CFDA 14.239) on September 22, 2025, with a completion date of September 30, 2034. This award supports affordable housing development and preservation activities for low- and very low-income residents in Missoula, Montana. Formula grants under this program fund eligible housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance, with all assisted units required to maintain affordability for 5 to 20 years depending on the activity type and level of HOME funding contribution.

As a participating jurisdiction, the City of Missoula will utilize these funds to expand the local supply of affordable housing and strengthen municipal capacity to design and implement housing strategies. The city, which has demonstrated substantial experience managing federal grants across multiple program areas, must comply with HUD requirements including submission of Consolidated Plans and Annual Action Plans for review, documentation of income targeting and affordability compliance, and maintenance of records for five years beyond each affordability period. This award represents one of multiple HOME formula grants the city has received to address critical affordable housing needs across its service area.