Federal Grant Award Summary

The City of Passaic received $839,036.94 in formula grant funding from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239). The award, effective September 22, 2025, with a completion date of September 30, 2034, supports the expansion of affordable housing supply for low- and very low-income households in Passaic, New Jersey. As a formula grant recipient, the City of Passaic will deploy these funds toward eligible housing activities, which may include rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance.

Under the HOME program requirements, the City of Passaic must maintain all assisted housing at affordable rates for specified periods (typically five to twenty years depending on activity type) and ensure compliance with HUD's Consolidated Plans and annual action plans. The municipality is responsible for either directly undertaking housing projects or coordinating with developers, nonprofit organizations, and community partners through sub-award arrangements to achieve program objectives. All HOME-funded activities must meet established income targeting and affordability requirements as outlined in 24 CFR Part 91, with comprehensive record-keeping obligations extending five years beyond the required affordability period.