Federal Grant Award Summary

The U.S. Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded $17.3 million to the Florida Housing Finance Corporation under the Home Investment Partnerships Program (CFDA 14.239) on February 24, 2026. This formula grant, with an ultimate completion date of September 30, 2034, funds a comprehensive range of affordable housing activities designed to expand housing opportunities for low- and very low-income residents across Florida. The awarded funds support acquisition and construction of rental housing, rehabilitation of owner-occupied and rental properties, homebuyer assistance programs, and rental assistance initiatives targeting households with incomes at or below 50% of area median income, with particular emphasis on extremely low-income populations.

As the state housing finance agency headquartered in Tallahassee, Florida Housing Finance Corporation serves as the principal administrator of these HOME funds and coordinates with local partners and sub-recipients to implement housing projects statewide. The grant represents Florida's formula allocation under the HOME program, which distributes forty percent of national funds to states and sixty percent to localities. The corporation is obligated to maintain comprehensive records documenting program compliance and affordability requirements, with assisted housing remaining affordable for five to twenty years depending on the activity type and funding contribution level.