Formula Grant M25MC480201

The City of Beaumont received $520,772.35 in formula grant funding from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239). The award, effective January 21, 2026, with a completion date of September 30, 2034, supports the expansion of affordable housing supply for low- and very low-income residents in Beaumont, Texas. The HOME program provides formula-based allocations to state and local governments to fund diverse housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance.

The City of Beaumont will deploy these funds according to its Consolidated Plan and annual action plans submitted to HUD, with housing activities required to remain affordable to low-income households for five to twenty years depending on the activity type. The city may execute these housing initiatives directly or through sub-awards to developers, nonprofit organizations, and community partners. All HOME-funded projects must meet federal income targeting and affordability requirements, and the city is responsible for maintaining compliance documentation and records for the required periods as specified under 24 CFR Part 91.