Home investment partnerships program

The Town of Islip, Department of Aviation and Transportation, received $510,258.95 in formula grant funding 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), awarded on September 22, 2025, with a completion date of September 30, 2034. The HOME program provides need-based formula grants to states and local governments designated as participating jurisdictions to fund affordable housing activities and rental assistance for low-income households.

Under this award, the Town of Islip will utilize HOME funds to finance affordable housing activities, which may include rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All HOME-assisted housing must meet 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 contribution. The participating jurisdiction may undertake projects directly or provide funds to developers, owners, and other partners engaged in affordable housing development and rental assistance services in the Lake Ronkonkoma, New York area.