Federal Grant Award Summary

The U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded Municipio De Bayamon a HOME Investment Partnerships Program (CFDA 14.239) formula grant totaling $1,011,314.78, with an award date of September 19, 2025, and a completion date of September 30, 2034. The HOME program provides formula-based funding to state and local governments to expand the supply of affordable housing for low- and very low-income Americans. Under this award, Municipio De Bayamon will conduct affordable housing activities in Bayamón, Puerto Rico, which may include rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance.

As a participating jurisdiction, Municipio De Bayamon is required to submit Consolidated Plans and annual action plans to HUD detailing deployment of these funds and must ensure that all HOME-funded projects meet income targeting and affordability requirements, with assisted housing remaining affordable to low-income households for five to twenty years depending on the activity type. The municipality may deliver housing services directly or through sub-award arrangements with developers, nonprofit organizations, and community partners. This formula grant represents a significant component of the municipality's federal funding portfolio for addressing community development and housing needs.