Home investment partnerships program

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the City of Malden Office of Strategic Planning and Community Development $1,880,597.86 on December 11, 2025, under the HOME Investment Partnerships Program (CFDA 14.239), a formula grant for affordable housing activities.

The award funds rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition, rehabilitation or construction of rental housing, and tenant-based rental assistance for low-income households. HOME-assisted housing must meet affordability requirements and remain affordable to low-income households for 5, 10, 15, or 20 years depending on the activity type and level of HOME funding contributed.

Performance extends through September 30, 2034, with work performed in Malden, Massachusetts. The City of Malden Office of Strategic Planning and Community Development, a municipal department within the City of Malden government structure, manages the award directly with no identified sub-recipients.

The HOME program provides formula grants to states and local governments to expand the supply of affordable housing. Participating jurisdictions design and implement housing strategies through direct project undertaking or by providing HOME funds to developers, owners, and other affordable housing partners. Recipients must maintain records documenting program compliance for the most recent five-year period, plus five additional years for affordability documentation.