Home investment partnerships program

The City of Akron Housing Rehabilitation Division received a formula grant award of $1,494,470.34 from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the Home Investment Partnerships Program (CFDA 14.239), awarded on September 25, 2025, with a completion deadline of September 30, 2034. This formula grant supports the division's delivery of affordable housing and rental assistance activities to low and very low-income residents in Akron, Ohio.

The funded activities include housing rehabilitation of owner-occupied properties, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All housing assisted through this funding must meet income targeting requirements and remain affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. The City of Akron, as an eligible participating jurisdiction, is responsible for administering the program in accordance with its Consolidated Plan and annual Action Plans, maintaining required documentation for five years beyond the affordability period.