Summary:
The U.S. Department of Housing and Urban Development (HUD) administers the HOME Investment Partnerships Program (HOME) to support the development of affordable housing for low-income households. Maricopa County serves as the lead agency for the Maricopa HOME Consortium, of which the City of Peoria is a participating jurisdiction.
As part of the HOME program, nonprofit organizations designated as Community Housing Development Organizations (CHDOs) may apply for HOME funds to develop eligible affordable housing projects. HUD and Maricopa County require a resolution from the local jurisdiction where the proposed project will be located certifying that the activity is consistent with the jurisdiction’s HUD-approved Consolidated Plan and acknowledging the City’s administrative commitment, if funds are awarded.
Newtown Community Development Corporation, a nonprofit CHDO, has submitted an application to the Maricopa HOME Consortium for HOME funding to support an affordable housing project within the City of Peoria. The proposed CHDO activity aligns with the housing priorities adopted through the City’s Fiscal Year 2025–2029 Five-Year Consolidated Plan and Fiscal Year 2025–2026 Annual Action Plan.
Approval of this resolution does not constitute approval of HOME funding, execution of loan agreements, or authorization to encumber property. Any future HOME award and associated legal documents would be subject to separate review and approval, as required.