Community Development Block Grant (CDBG)

Community Development Block Grant (CDBG) & HOME Investment Partnership Act

The City of Lakewood receives an annual Community Development Block Grant (CDBG) allocation from the U.S. Department of Housing and Urban Development. Lakewood also receives HOME Investment Partnership Act (HOME) funds through the Tacoma-Lakewood HOME Consortium. These funds must be used for projects which benefit primarily lower income households or individuals by aiding in the prevention of slums and blight, creating or expanding housing opportunities, providing public services, creating or expanding economic opportunities, or by meeting an urgent local community need.

The Community Development Block Grant Citizens Advisory Board oversees the CDGB program and provides recommendations to the City Council on the use and appropriation of CDBG funds. HOME funded projects and activities are recommended to the board of the Tacoma Community Redevelopment Authority which administers and approves funding for both Tacoma and Lakewood HOME funded projects. Applications for funding for these programs are made available on an annual basis, typically from November to December.

The use of these funds will require long-term affordability, income restrictions and continued monitoring of the project by City staff. Income and rent guidelines are listed below, funding priorities can be located in Related Documents.

Community Development Block Grant (CDBG) Funding

These federal funds are available to individual developers, nonprofit agencies or community-based development organizations (CBDOs)  providing services benefitting lower-income Lakewood residents. Activities eligible for funding include Economic Development projects or activities that create or retain jobs or expand products and services available to lower-income people; Affordable Housing Development through acquisition, rehabilitation or construction; acquisition, construction, reconstruction, rehabilitation, or installation of public facilities; physical infrastructure improvements; and public services (limited to 15 percent of the City's total grant).

HOME Investment Partnership Act (HOME) Funding

HOME funds are available to individual developers, nonprofit or for-profit entities and CHDOs providing an increased in the supply or access to decent, affordable housing to lower-income Lakewood residents. These funds may be used in the development of affordable rental, transitional, emergency or homeownership housing units. Activities eligible for funding include acquisition, conversion, reconstruction, rehabilitation or construction of affordable housing, including site improvements; acquisition of vacant land to be used to construct affordable housing; and demolition of existing structures if construction of affordable housing is to follow.

Housing Programs for Owner-Occupied, Single Family Residences

Housing programs include Down Payment Assistance , Major Home Repair , and Housing Rehabilitation repairs for low-income, owner-occupied, single-family residences. These programs allow you to maintain your home by making necessary repairs, rehabilitating your home, making energy efficiency and weatherization upgrades, completing handicapped accessibility improvements, and replacing major systems (electrical, plumbing, roofing, windows & doors, etc.). Funding is also available to help first-time eligible homebuyers purchase a home in Lakewood.

CDBG & HOME Program Income Limits
FAMILY
SIZE		 Median
Income		 30% of Median
Income Limit		 50% of Median
Income Limit		 Maximum Income—
80% of Median Income
CDBG Effective December 1, 2011/ HOME Effective February 9, 2012
1 $50,200 $15,050 $25,100 $40,150
2 57,400 17,200 28,700 45,900
3 64,600 19,350 32,300 51,650
4 71,700 21,500 35,850 57,350
5 77,500 23,250 38,750 61,950
6 83,200 24,950 41,600 66,550
7 89,000 26,700 44,500 71,150
8 94,700 28,400 47,350 75,750
HOME Program Rent Limits
  Studio 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom 5-Bedroom 6-Bedroom
Effective February 9, 2012
Fair Market $638 $745 $929 $1,354 $1,523 $1,751 $1,980
Low Home Rent 627 672 807 932 1,040 1,148 1,254
High Home Rent 699 816 1,103 1,178 1,295 1,410 1,525
50% Rent Limit Limit 551 590 708 818 912 1,006 1,100
65% Rent Limit 796 854 1,027 1,178 1,295 1,410 1,525

Maximum Home Value

The maximum home value for assistance is $362,790 (after-rehab value). HOME Program; Effective 10/02/07.