Home investment partnerships program

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded $517,544.40 to the City of Somerville, Massachusetts under the HOME Investment Partnerships Program (CFDA 14.239) on January 13, 2026. The award funds affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. Assisted housing must remain affordable to low-income households for 5, 10, 15, or 20 years depending on the activity type and HOME funding contribution. The award obligates $517,544.40 with a period of performance through September 30, 2034. Work is performed in Somerville, Massachusetts. The HOME program distributes formula allocations annually to states and local governments that qualify as participating jurisdictions, with 60 percent of funds allocated to localities like Somerville. Recipients must follow 24 CFR Part 91 and maintain records documenting program requirements for the most recent five-year period, with affordability documentation retained for five years beyond that period.