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Hampton Council approves reallocation of HUD CDBG and HOME funds to homebuyer assistance and housing programs
Summary
Council approved a substantial amendment to the 2024–25 Annual Action Plan to reallocate federal CDBG and HOME funds, moving older disposition balances into weatherization/accessibility and shifting over $800,000 into homebuyer assistance aimed at 25–30 first‑time low/moderate‑income households.
Hampton City Council approved the 2024–25 Annual Action Plan amendment that reallocates Community Development Block Grant (CDBG) and HOME Investment Partnership (HOME) funds to prioritize housing and homebuyer assistance.
Monica Mayhark, community engagement manager, explained staff’s rationale: federal restrictions and market conditions reduced feasibility for some acquisition and…
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