Home investment partnerships program

The City of Yonkers received a HOME Investment Partnerships Program (CFDA 14.239) formula grant award of $1,223,018.58 from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development, effective September 16, 2025, through September 30, 2034. This award supports the expansion of affordable housing supply for low- and very low-income households in Yonkers, New York. The HOME program funds a comprehensive range of housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance.

As a formula grant recipient, the City of Yonkers is required to maintain compliance with federal regulations outlined in 24 CFR Part 91, including submission of a Consolidated Plan every five years and annual action plans with certifications. The city may implement funded projects directly or distribute funds through sub-awards to developers, nonprofit organizations, and community partners. All HOME-funded projects must comply with federal income targeting requirements and maintain affordability for periods ranging from five to twenty years, depending on the activity type and funding contribution level. The city must maintain records documenting program compliance for five years, plus an additional five years beyond required affordability periods.