Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded $360,898.22 to Summit County Housing Fund Community Development Fund on December 10, 2025, under the Home Investment Partnerships Program (CFDA 14.239). The recipient, a local government entity in Akron, Ohio, will use the award to fund affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance. HOME-assisted housing must remain affordable to low-income households for 5, 10, 15, or 20 years depending on the activity type and amount of HOME funding contributed. Performance extends through September 30, 2034, with place of performance in Akron, Ohio. The Home Investment Partnerships Program provides need-based formula grants to states and local governments qualifying as participating jurisdictions; forty percent of HOME funds are allocated to states and sixty percent to localities. Participating jurisdictions must submit Consolidated Plans every five years and annual action plans and certifications each year, with HUD reviewing submissions for completeness and consistency with program purposes within forty-five days of receipt.