The City of Norfolk is seeking applications for its 2026 HOME Investment Partnerships Grant.
Donor Name: City of Norfolk
State: Virginia
City: Norfolk
Type of Grant: Grant
Deadline: 01/10/2025
Size of the Grant: More than $1 million
Grant Duration: 1 year
Details:
The HOME Investment Partnerships (HOME) program is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-to-moderate income households. Implementing regulations can be found at Title 24 Code of Regulations, Part 92, as amended (The Final Rule).
Under the HOME Investment Partnerships Program, HUD allocates funds by formula among eligible state and local governments to strengthen public‐private partnerships and to expand the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing, for very low‐income and low‐income families.
The intent of the HOME Program is to:
- Provide decent affordable housing to lower‐income households,
- Expand the capacity of nonprofit housing providers,
- Strengthen the ability of state and local governments to provide housing; and
- Leverage private sector participation.
Funding Information
$1,198,875.00.
Grant Period
The FY 2026 contract period will be July 1, 2025 through June 30, 2026.
Eligible Activities
State and local governments may use HOME funds to carry out multi‐year housing strategies through acquisition, rehabilitation, and new construction of housing, and tenant‐based rental assistance. Participating jurisdictions may provide assistance in a number of eligible forms, including loans, advances, equity investments, interest subsidies and other forms of investment that HUD approves.
HOME funds may be used to develop and support affordable rental housing and homeownership affordability through:
- Acquisition (including assistance to homebuyers)
- Tenant-based rental assistance to eligible household(s), including security deposits;
- Operating expenses of community housing development organizations.
- New construction (includes adding additional units to an existing structure), Reconstruction, or rehabilitation of non-luxury housing with suitable amenities, including related costs such as:
- Real property acquisition,
- Site improvements,
- Demolition, and
- Other eligible expenses including financing costs, relocation expenses of any displaced persons, families, businesses, or organizations.
Eligibility Criteria
The lead organization applying for the grant must have an IRS designation of 501(c)(3) or be a government or quasi-government agency.
For more information, visit City of Norfolk.
