Home investment partnerships program

The City of Perth Amboy received a $490,303.10 formula grant award from the Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239), effective September 19, 2025, with a completion date of September 30, 2034. This funding supports affordable housing development and rental assistance activities for low- and moderate-income residents in Perth Amboy and the surrounding Hopelawn, New Jersey area.

HOME funds allocated to Perth Amboy will finance a range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All housing assisted through this award must meet federal income targeting and affordability requirements, with assisted units remaining affordable to low-income households for periods ranging from 5 to 20 years depending on the activity type and level of HOME funding contributed. As a formula grant recipient, Perth Amboy must comply with HUD regulations including submission of Consolidated and Annual Action Plans for review, and must maintain comprehensive records documenting program compliance for five years beyond applicable affordability periods.