Home investment partnerships program

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the City of Laredo, Texas $946,902.88 on December 22, 2025, under the Home Investment Partnerships Program (CFDA 14.239), a formula grant supporting affordable housing activities.

The funding supports affordable housing rehabilitation, homebuyer assistance, and rental housing development in Laredo. The City of Laredo Finance Department, serving as the recipient and administrative fiscal agent, will execute activities through September 30, 2034. Work takes place in Laredo, Texas.

The HOME program distributes need-based formula grants to states and local governments to fund activities including building, buying, and rehabilitating affordable housing for rent or homeownership, or providing direct rental assistance to low-income households. HOME-assisted housing must meet affordability requirements and remain affordable to low-income households for 5, 10, 15, or 20 years depending on the activity type and amount of HOME funding contributed.