Home investment partnerships program

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded Atlantic County of New Jersey $566,638 on January 9, 2026, under the Home Investment Partnerships Program (CFDA 14.239), a formula grant for affordable housing activities.

Atlantic County will use the funds to finance affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition, rehabilitation or construction of rental housing, and tenant-based rental assistance. 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 amount of HOME funding contributed.

The award runs through September 30, 2034, with place of performance in Atlantic City, New Jersey. As a participating jurisdiction under the HOME program formula allocation structure, Atlantic County receives need-based funding distributed annually by HUD to states and local governments that qualify. The county may undertake HOME projects directly or provide funds to developers, owners, or other affordable housing partners. HOME-assisted housing must meet income targeting and affordability requirements established in 24 CFR Part 91; Atlantic County must maintain documentation of compliance for the most recent five-year period and retain affordability records for five years beyond the required affordability period.