Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded Somerset County, New Jersey a formula grant of $650,258.34 under the Home Investment Partnerships Program (CFDA 14.239) on September 22, 2025, with a completion date of September 30, 2034. This allocation supports the county's efforts to expand the supply of affordable housing for low and very low-income residents through eligible activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance.

As a participating jurisdiction, Somerset County will utilize these HOME funds to design and implement affordable housing strategies that meet federal income targeting and affordability requirements. Assisted housing units must remain affordable to low-income households for 5 to 20 years depending on the activity type and level of HOME funding contributed. The county must submit comprehensive Consolidated Plans and annual Action Plans for HUD review and maintain detailed records for five years beyond affordability periods to demonstrate compliance with program requirements under 24 CFR Part 91.