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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.

HOME Program Income Limits
Family Size Median Income 30% of Median
Income Limit
50% of Median
Income Limit
80% of Median
Income Limit
HOME Effective: March 15, 2013
1 $49,200 $14,750 $24,600 $39,350
2 56,200 16,850 28,100 44,950
3 63,200 18,950 31,600 50,550
4 70,200 21,050 35,100 56,150
5 75,900 22,750 37,950 60,650
6 81,500 24,450 40,750 65,150
7 87,100 26,150 43,550 69,650
8 92,700 27,800 46,350 74,150
CDBG Program Income Limits
Family Size Median Income 30% of Median
Income Limit
50% of Median
Income Limit
80% of Median
Income Limit
CDBG Effective: December 18, 2013
1 $46,900 $14,100 $23,450 37,550
2 53,600 16,100 26,800 42,900
3 60,300 18,100 30,150 48,250
4 67,000 20,100 33,500 53,600
5 72,400 21,750 36,200 57,900
6 77,800 23,350 38,900 62,200
7 83,100 24,950 41,550 66,500
8 88,500 26,550 44,250 70,800
Rent Limits
  Studio 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom 5-Bedroom 6-Bedroom
Effective June 1, 2013
Fair Market $608 $740 $964 $1,421 $1,707 $1,963 $2,219
Low Home Rent 627 672 807 932 1,040 1,148 1,254
High Home Rent 669 791 997 1,178 1,295 1,410 1,525
50% Rent Limit 627 672 807 932 1,040 1,148 1,254
65% Rent Limit 796 854 1,027 1,178 1,295 1,410 1,525

 

FYI: HUD has issued new HOME Homeownership Value Limits for 2014. Effective January 1, 2014, the maximum home value for any home assisted with HOME funds is $177,000.00 for existing housing and $233,000.00 for new construction.