Home investment partnerships program

The City of Passaic received a formula grant award of $839,036.94 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), awarded on September 22, 2025, with a completion date of September 30, 2034. This formula allocation supports the city's affordable housing initiatives through funding for rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to low and very low-income residents.

Under the HOME program, all housing assisted through this award must meet income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the activity type and HOME funding contribution. The City of Passaic, as an established participating jurisdiction, is required to implement these activities consistent with its Consolidated Plan and Annual Action Plans, maintain detailed records documenting program outcomes for five years beyond the affordability period, and comply with all applicable HUD regulations under 24 CFR Part 91. The award reflects HUD's continued commitment to expanding the supply of affordable housing and strengthening local government capacity to address housing needs in New Jersey communities.