Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Agency of Commerce and Community Development $3,014,372.26 under the HOME Investment Partnerships Program (CFDA 14.239) on September 25, 2025. This formula grant supports the expansion of affordable housing supply, particularly rental housing, for low and very low income residents across Vermont. The award obligates $3,014,372.26 with a period of performance through September 30, 2034, and carries administrative oversight in Montpelier, Vermont. The Agency of Commerce and Community Development, a Vermont state government entity and pass-through administrator, receives HOME allocations by formula and distributes funds to local governments and nonprofit subrecipients throughout the state to support affordable housing development and tenant-based rental assistance activities. The agency must maintain records documenting compliance with program requirements for the most recent five-year period, with affordability documentation retained for five years beyond that required period.