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Budget Resolution Recognizing FY 2026-27 Community Development Block Grant a/k/a CDBG and HOME Investment Partnership Program a/k/a HOME Funds From U.S. Department of Housing and Urban Development for Housing and Supportive Services Department
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BRIEF OVERVIEW
Hernando County received an allocation letter from the U. S. Department of Housing and Urban Development announcing that Hernando County jurisdiction is receiving the following Fiscal Year 2026 allocations for the identified program:
Community Development Block Grant (CDBG): $1,154,823.00
HOME Investment Partnerships Program (HOME): $373,655.65
Emergency Solutions Grant (ESG): $0
Housing Opportunities for Person with Aids (HOPWA): $0
Recovery Housing Program (RHP): $ 0
In addition, to Hernando County’s jurisdiction CDBG allocation for Fiscal Year 2026 this year provides Hernando County with $5,774,115 in available Section 108 loan guarantee borrowing authority, which allows counties to borrow up to five time of their current CDBG allocation to maximize access to low-interest capital and provide long-term financing to invest in Opportunity Zones or further address gap financing for big projects.
The 2026 Annual Action plan has been submitted to HUD and staff is recognizing estimated allocation of funds as stated above. Award agreements will be submitted for signature after HUD approves the County Annual Action Plan, certifications, and assurances.
STRATEGIC PLAN INITIATIVES
Strategic Theme: A - Economic & Workforce Opportunity
Goal A.3: “Learn here, work here” training and professional development incubator
Objective A3.1: Collaborate with partners to plan, and if feasible, launch an incubator designed to support working professionals and foster local business growth
Strategic Theme: A – Economic & Workforce Opportunity
Goal A.4 – Strategic partnerships and responsive workforce development initiative for emerging and targeted industries
Objective A. 4.1: Partner with industry stak...
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