The Program Year for CDBG and HOME funds is October 1, 2025, through September 30, 2026. The U.S. Department of Housing and Urban Development (HUD) has not yet determined Henrico’s allocation for the 2025-26 Program Year. Staff will develop a proposed budget based on the assumption that CDBG funding will remain level, and HOME funding will decrease by up to 35%, and will adjust the budget to match the actual allocation when it is released.