Home investment partnerships program

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the City of Jersey City $1,822,170.30 under the Home Investment Partnerships Program (CFDA 14.239) on January 9, 2026.

The HOME program provides formula grants to states and local governments for building, buying, and rehabilitating affordable housing for rent or homeownership, and for providing direct rental assistance to low-income households. Jersey City will use these funds to finance affordable housing activities including rehabilitation of owner-occupied housing, assistance to homebuyers, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance. All 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 the amount of HOME funding contributed.

The award runs through September 30, 2034, with place of performance at Jersey City, New Jersey. Jersey City, operating through its Housing Economic Development and Commerce division, administers this annual formula allocation as a participating jurisdiction. Participating jurisdictions may undertake HOME projects directly or pass funds to developers, owners, or other partners.

HOME-funded projects must meet certain income targeting and affordability requirements. Participating jurisdictions must follow 24 CFR Part 91, maintain records for the most recent five-year period, and keep affordability documentation for five years beyond the required retention period.