HOME funds will finance construction, acquisition, or rehabilitation of apartment projects. The call is aimed at experienced developers and closes at 5 p.m.
The City of Houston is offering approximately $12 million for affordable multifamily housing projects, with the notice closing on Monday, November 9, 2026 at 5 p.m. local time. The funding is directed to real estate developers who submit proposals for properties within city limits.
HOME funds cover construction, acquisition, and rehabilitation
The financing contemplates four types of multifamily projects: construction of new apartments, rebuilding, rehabilitation of existing buildings, and acquisition of properties intended for affordable housing.
The call is limited to properties located within the City of Houston. A property located in Harris County but outside the city limits does not meet that geographic requirement.
The municipal multifamily housing program supports projects that offer rents subject to affordability constraints. The city also identifies among its general priorities developments near schools, public transportation and community services, as well as housing for seniors, people with disabilities, and people who have experienced homelessness.
Developers must demonstrate experience and operational capacity
The call requires applicants to demonstrate experience and ability to develop or rehabilitate multifamily properties and operate them as housing for low- and moderate-income households.
The file 2026 HOME Multifamily NOFA contains the submission instructions and specific requirements. Houston’s funding opportunities registry identifies the call as open and links to the application process on Beacon Bid.
The deadline to submit questions about the call was November 2. The contact email designated by HCD is [email protected].
Proposal submission deadline ends November 9 at 5 p.m.
The city will receive proposals until 5 p.m. on Monday, November 9, 2026. The funding announcement does not mean the $12 million have already been distributed among developers nor that projects have been approved.
Applications must go through the municipal evaluation process before awards are determined. Public information consulted does not yet establish a list of benefited projects.
The $12 million is not direct rent assistance
The HOME resources for this call are intended for the development of multifamily properties, so tenants cannot apply directly for financial assistance or enroll through this process to obtain an apartment.
The municipal multifamily housing program maintains information about city-funded developments and resources for people seeking affordable housing. The availability of apartments and rental terms depend on each property.
Related: Rent assistance in Houston: funds and eviction defense
