Home investment partnerships program

The County of San Luis Obispo received a Formula Grant award of $810,087.83 from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the HOME Investment Partnerships Program (CFDA 14.239), awarded on September 23, 2025, with completion scheduled for September 30, 2034. This grant funds affordable housing development and preservation activities, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and rehabilitation of rental housing, and tenant-based rental assistance initiatives.

All housing units funded through this award must meet federal income targeting and affordability requirements, with assisted units remaining affordable for periods ranging from 5 to 20 years depending on the specific activity type and HOME funding contribution. The County of San Luis Obispo, operating through its Department of Social Services, will administer these funds as a participating jurisdiction in accordance with HUD regulations, submitting required Consolidated Plans and annual Action Plans for HUD review and maintaining comprehensive records for five years beyond the applicable affordability periods to demonstrate program compliance and outcomes.