Home investment partnerships program

The Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded Municipio De Bayamon a HOME Investment Partnerships Program (CFDA 14.239) formula grant of $1,011,314.78, effective September 19, 2025, with a completion date of September 30, 2034. This award funds affordable housing development and rental assistance activities in Bayamón, Puerto Rico, supporting the municipality's efforts to expand the supply of affordable housing for low and very low-income residents.

Under the HOME program, the municipality will implement housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, and acquisition and rehabilitation of rental housing. The funded activities must comply with income targeting and affordability requirements, with assisted housing units remaining affordable for 5 to 20 years depending on the specific activity type and HOME funding contribution. As a participating jurisdiction, Municipio De Bayamon is required to submit Consolidated Plans every five years and annual Action Plans for HUD review, and must maintain comprehensive records for five years beyond all required affordability periods in accordance with applicable regulations.