Federal Grant Award Summary

Hernando County received a $375,686.50 formula grant award on March 16, 2026, under the Home Investment Partnerships Program (CFDA 14.239), administered by the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development. The award supports affordable housing initiatives in Spring Hill, Florida, with a performance period extending through September 30, 2034. As a formula-based allocation, the funds are distributed according to established methodologies rather than competitive application, with forty percent of national HOME program funding directed to states and sixty percent to localities.

Under this award, Hernando County will deploy funds to expand the supply of affordable housing for low- and very low-income households through eligible housing activities, which may include rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance. All HOME-funded projects must meet income targeting and affordability requirements, with assisted housing remaining affordable to low-income households for five to twenty years depending on the activity type. The county is required to submit Consolidated Plans and annual action plans to HUD detailing the deployment of funds and must maintain comprehensive records for a minimum of five years to document compliance with program requirements.