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Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how
matching requirements will be satisfied
The City of Newport News will make every reasonable effort to leverage financial resources from private, state, and local entities to advance
affordable housing goals and expand housing opportunities within the community. In accordance with HOME Program requirements, the City
will satisfy the required 25 percent local match for HOME funds drawn down through eligible non-federal contributions identified in 24 CFR
92.220. Eligible match sources may include, but are not limited to, cash contributions from non-federal sources, donated real property,
forbearance of fees, on-site and off-site infrastructure improvements, donated labor and professional services, sweat equity contributions,
direct costs of supportive services for residents of HOME-assisted units, and homebuyer counseling services provided to households purchasing
homes with HOME assistance. These leveraged resources support local HOME-funded initiatives such as down payment assistance, owner-
occupied housing rehabilitation, affordable housing development, and neighborhood revitalization activities.
Annual Action Plan 16
2026
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