Home investment partnerships program

The County of Henrico received a formula grant award of $836,980.30 from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239). The award was obligated on September 17, 2025, with a completion deadline of September 30, 2034. This formula allocation supports the county's efforts to expand the supply of affordable housing for low- and very low-income households throughout Henrico County, Virginia.

Under the HOME program, Henrico County may utilize these funds for a range of housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance. All HOME-funded activities must comply with federal income targeting requirements and maintain housing affordability for periods ranging from five to twenty years depending on the activity type. The county is required to implement projects consistent with its Consolidated Plan and Annual Action Plan, maintain compliance with applicable federal regulations (24 CFR Part 91), and retain records documenting program compliance for five years beyond required affordability periods. Sub-awards may be provided to developers, nonprofit organizations, and community partners to support the delivery of affordable housing initiatives.