Home investment partnerships program

The Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded the City of New Brunswick, New Jersey a formula grant of $458,630.06 under the Home Investment Partnerships Program (CFDA 14.239) on September 22, 2025. This award extends through September 30, 2034, and supports the expansion of affordable rental housing supply and the strengthening of housing strategies for low- and very low-income residents within the municipality.

Under this formula allocation, the City of New Brunswick will implement affordable housing activities including acquisition and rehabilitation of rental housing, owner-occupied housing rehabilitation, homebuyer assistance, and tenant-based rental assistance. All housing assisted through this funding must meet income targeting and affordability requirements established by HUD, with assisted units remaining affordable for periods ranging from 5 to 20 years depending on the activity type and level of HOME funding contribution. The city is required to document program activities and maintain compliance records for five years beyond the affordability periods, in accordance with 24 CFR Part 91 and the program's established requirements for participating jurisdictions.