Home investment partnerships program

The City of Ithaca received a formula grant award of $245,984.13 from the 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, with a completion date of September 30, 2034. This award enables the city to fund affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low- and very low-income households within the Ithaca community.

As a participating jurisdiction under the HOME program, the City of Ithaca must utilize these funds in accordance with federal affordability requirements, maintaining housing units as affordable to low-income households for 5 to 20 years depending on the activity type and funding contribution level. The city may undertake projects directly or distribute funds to developers, nonprofit organizations, and community partners to expand affordable housing supply. All activities must comply with 24 CFR Part 91 regulations, and the city is required to maintain records documenting program compliance and affordability periods as specified by HUD.