Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the City of San Jose $2,615,708.70 under the Home Investment Partnerships Program (CFDA 14.239) on January 14, 2026. The award funds 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 type of activity and amount of HOME funding contributed. The City of San Jose, as a participating jurisdiction, may undertake HOME projects directly or provide funds to developers, owners, or other affordable housing partners. Performance extends through September 30, 2034, with place of performance in San Jose, California. This is a formula grant distributed annually by HUD to states and local governments; the City of San Jose must maintain records documenting compliance with program requirements for the most recent five-year period, with affordability documentation retained for five years beyond the required period.