The Program Year for CDBG, HOME, and ESG funds is October 1, 2024, through September 30, 2025. The U.S. Department of Housing and Urban Development (HUD) has not yet determined Henrico’s allocation for the 2024-25 Program Year. Staff will develop a proposed budget based on the assumption that CDBG funding will remain level, HOME funding will decrease by about 17%, and ESG funding will be comparable to 2022-23, and will adjust the budget to match the actual allocation when it is released.