Formula Grant M25MC420220

The U.S. Department of Housing and Urban Development (HUD) has awarded a $335,392.07 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the Chester Economic Development Authority in Upper Chichester, PA. The HOME program provides need-based grants to state and local governments to fund activities such as building, buying, and/or rehabilitating affordable housing for rent or homeownership, as well as providing direct rental assistance to low-income individuals. Since its inception in 1990, the HOME program has distributed over $41 billion to create over 1.3 million units of affordable housing and provide rental assistance to over 422,000 households nationwide. The grant awarded to the Chester Economic Development Authority will support the organization's efforts to expand affordable housing opportunities and improve the economic and living conditions of low- and moderate-income residents in the Chester community through activities such as rehabilitation of owner-occupied and non-residential structures, acquisition of real property, construction of public facilities, provision of public services, homebuyer assistance, and tenant-based rental assistance.