Home investment partnerships program

The Department of Housing and Urban Development awarded the City of Richmond, Virginia $1,419,063.34 under the Home Investment Partnerships Program (CFDA 14.239) on November 24, 2025, obligating funds to expand the supply of affordable housing for low and very low income households.

The award funds a variety of affordable housing activities including rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition, rehabilitation or construction of rental housing, and tenant-based rental assistance. 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 to the project.

The period of performance runs through September 30, 2034, with place of performance at Richmond, VA 23219. As a formula grant distributed to a participating jurisdiction, the award is need-based and allocation to Richmond is not subject to appeal. The city must follow 24 CFR Part 91 and maintain records documenting program compliance for the most recent five-year period, with affordability documentation retained for five years beyond the required period.