Federal Grant Award Summary

The City of Goldsboro, NC received a $225,732.15 formula grant award from the U.S. Department of Housing and Urban Development (HUD) under the Home Investment Partnerships Program (CFDA 14.239), effective February 10, 2026, with completion targeted for September 30, 2034. This funding supports the expansion of affordable housing supply for low- and very low-income households through a range of eligible activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All HOME-funded projects must meet income targeting and affordability requirements, with assisted housing remaining affordable to low-income households for five to twenty years depending on the activity type and level of HOME funding contribution.

As a participating jurisdiction under the HOME program, the City of Goldsboro will utilize these formula-allocated funds to design and implement local affordable housing strategies, either undertaking projects directly or providing funding to developers, nonprofit organizations, and community partners. The city is required to submit Consolidated Plans and annual action plans to HUD detailing fund deployment and must maintain records documenting program compliance for the required five-year period, plus an additional five years for affordability documentation. This award represents part of HUD's ongoing national effort to expand affordable housing stock and strengthen local governmental capacity for sustainable community development.