There will be a public hearing on Monday, April 12th at 6:00 p.m. in the City Council Chambers to present the allocations for Fiscal Year 2010 Community Development Block Grant and HOME Program funding.

This will provide Pontiac citizens an opportunity to express their views on the allocation of funds for Fiscal Year 2010.

Click here to download the full announcement.

Click here to read the FY2010 Annual Plan Summary

The HOME Investment Partnership Program (HOME) is an entitlement program of the U.S. Department of Housing and Urban Development (HUD). HOME is authorized under Title II of the Cranston-Gonzalez National Affordable Housing Act, as amended. Program regulations are at 24 CFR Part 92. HOME provides formula grants to States and localities that communities use-often in partnership with local nonprofit groups-to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people.

The City of Pontiac offers Downpayment Assistance to low to moderate homebuyers who are interested in purchasing a home within the geographical area of Pontiac. The homebuyer’s income must not exceed 80 percent of the City of Pontiac’s median income. The property being purchased must be used as the principal residence of the purchaser.