Home investment partnerships program

The Department of Housing and Urban Development awarded $285,787.37 to the City of Monterey Park on December 11, 2025, under the HOME Investment Partnerships Program (CFDA 14.239), a formula grant extending through September 30, 2034.

The HOME program expands the supply of affordable housing, particularly rental housing, for low and very low income Americans and strengthens the ability of state and local governments to design and implement strategies for achieving adequate supplies of decent housing. Eligible activities include rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance for low- and very low-income residents.

The City of Monterey Park, a child entity within the broader municipal government structure, serves as the recipient. Performance takes place in Monterey Park, California. The formula allocation was awarded by HUD and is not subject to appeal. The recipient must submit a Consolidated Plan every five years and an Annual Action Plan annually, subject to HUD review within 45 days of receipt. The jurisdiction must maintain records documenting program compliance for the most recent five-year period and records of affordability requirements for five years beyond that retention period.