Home investment partnerships program

The Department of Housing and Urban Development (HUD), Community Planning and Development office, awarded Chesterfield County, Virginia a $571,998.64 formula grant under the Home Investment Partnerships Program (CFDA 14.239) on September 23, 2025, with a completion date of September 30, 2034. This award supports affordable housing development and preservation activities within Chesterfield County, enabling the county to finance a range of housing initiatives including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low-income households.

As a participating jurisdiction under the HOME program, Chesterfield County will utilize these funds to create or preserve affordable housing units that meet federal income targeting and affordability requirements. All assisted housing must remain affordable to low-income households for a period of 5 to 20 years, depending on the type of activity and level of HOME funding contribution. The county may undertake HOME-funded projects directly or provide funds to developers, owners, and other partners to advance affordable housing goals. The county's Accounting Department, as the prime grant recipient, will administer the award in compliance with HUD's consolidated planning requirements and federal regulations governing program implementation and record-keeping.