Home investment partnerships program

The City of New Rochelle received a formula grant award of $446,045.84 from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the HOME Investment Partnerships Program (CFDA 14.239), effective September 25, 2025, with an ultimate completion date of September 30, 2034. This funding supports the development and preservation of affordable housing through activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to low-income households.

As a designated participating jurisdiction, New Rochelle utilizes HOME funds to implement affordable housing initiatives that meet federal income targeting and affordability requirements. Assisted housing units must remain affordable to low-income households for 5 to 20 years depending on the activity type and amount of HOME funding contributed. The city may undertake projects directly or partner with developers and other housing providers to deliver these services. All activities must align with the city's Consolidated Plan and Annual Action Plans, which are subject to HUD review and compliance with applicable regulations under 24 CFR Part 91.