Formula Grant M24MC340205

Award Date 8/29/24
Completion Date 9/30/33
Dollars Obligated $1.9M
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Jersey City, NJ 07302, USA
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The Department of Housing and Urban Development (HUD) awarded a $1,853,579.67 HOME Investment Partnerships Program (CFDA 14.239) formula grant to the City of Jersey City, New Jersey on August 29, 2024. The HOME program provides grants to state and local governments to fund a range of affordable housing activities, such as rehabilitation of owner-occupied housing, homebuyer assistance, rental housing construction and rehabilitation, and tenant-based rental assistance.

Through this award, the City of Jersey City will use the HOME funds to create and preserve affordable housing for low- and very low-income households in their community. At least 15% of the award must be reserved for projects undertaken by Community Housing Development Organizations. The city can also use up to 10% of the allocation for program administration costs. Quantifiable results, such as the number of affordable housing units created or households assisted, will be tracked and reported through HUD's HOME National Production Report.

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