Home investment partnerships program

The City of Plano received a formula grant award of $558,319.17 from the Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239), effective September 16, 2025, with a completion date of September 30, 2034. This formula allocation supports the city's affordable housing initiatives, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All housing activities funded through this award must meet HUD's income targeting and affordability requirements, with assisted units required to remain affordable for periods ranging from 5 to 20 years depending on the activity type and extent of HOME program funding contribution.

As a designated participating jurisdiction, the City of Plano is required to submit five-year Consolidated Plans and annual Action Plans for HUD review within 45 days of receipt, and must maintain comprehensive records for five years beyond the affordability period to document compliance with program requirements. The formula allocation is non-appealable and represents Plano's established capacity to design and implement affordable housing strategies that expand the supply of decent housing for low and very low-income residents in the jurisdiction.