HOME-ARP Funds
The City of Phoenix receives federal entitlement funds from the U.S. Department of Housing and Urban Development (HUD) to invest in local communities. The Housing Department is the recipient of HOME Funds and receives an annual entitlement allocation. In April, Phoenix was notified of an allocation of HOME-ARP funds in the amount of $21,354,777. HOME-ARP funds are specifically to assist individuals or households who are homeless, at risk of homelessness, and other vulnerable populations, by providing housing, rental assistance, supportive services, and non-congregate shelter, to reduce homelessness and increase housing stability across the country.
Annually, the City of Phoenix Housing Department publicly calls for affordable housing proposals through a Notice of Funding Availability (NOFA) or Call For Interest (CFI) for the purpose of identifying housing development projects which meet the City Council housing priorities and which require additional funds to cover a gap in the financing of the project. Funds are made available as loans to for-profit and non-profit partners who develop affordable housing units. Loans are made according to City Council approved Underwriting Guidelines which are available in the links below. Links to other documents needed by the developer to apply for City funds are also available below. Funding notices are published in the Arizona Republic or on the City's website at phoenix.gov/rfp.
Funding notices and other Housing Department information is also available to those who subscribe to the Community Partner List Serve.
Call For Interest
Loan Program and Underwriting Guidelines
The City of Phoenix Housing Department (Housing) administers a variety of programs designed to foster housing choice and affordability for lower income residents while advancing important neighborhood revitalization and community development goals. Housing has developed the following guidelines to describe the department's housing policy objectives, the range of programs available to advance these objectives, and the manner in which transactions will be evaluated and selected for funding. The overall goal of these guidelines is to ensure prudent underwriting and achieve compliance with applicable Federal, State and City laws, ordinances, regulations and policy objectives.
Learn more about the City's Planning and Action Grant award to kick start neighborhood change in the Edison-Eastlake community.
RAD is a HUD Program that seeks to preserve public housing by providing public housing agencies with access to more stable funding sources.
Learn more about RAD
