Home investment partnerships program

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the City of Paterson, through its Historic Preservation Division, $1.273 million on September 25, 2025, under the HOME Investment Partnerships Program (CFDA 14.239). The award obligates $1,273,243.62 with a period of performance through September 30, 2034, and place of performance in Paterson, New Jersey.

The HOME Investment Partnerships Program expands the supply of affordable housing, particularly rental housing, for low and very low income Americans and strengthens state and local government capacity to design and implement strategies for adequate supplies of decent housing. Formula allocations distribute funds to states, cities, urban counties, and consortia according to statutory formulas; participating jurisdictions must comply with 24 CFR Part 91 planning and reporting requirements, including submission of Consolidated Plans every five years and annual action plans and certifications. HUD reviews submissions for completeness and consistency with program purposes within 45 days of receipt.