Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded Caguas Municipality $733,822.90 under the HOME Investment Partnerships Program (CFDA 14.239) on September 22, 2025, with an ultimate completion date of September 30, 2034. This formula grant funds affordable housing expansion activities in Caguas, Puerto Rico, supporting the rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All assisted housing units must meet income targeting and affordability requirements, with funded units remaining affordable for 5 to 20 years depending on the specific activity type and level of HOME funding contribution.

As a participating jurisdiction, Caguas Municipality receives this allocation through HUD's formula-based distribution mechanism rather than through competitive solicitation. The municipality is responsible for implementing the program in compliance with 24 CFR Part 91, submitting annual action plans and certifications, and maintaining records documenting program outcomes and affordability compliance for the required periods. This award reflects Caguas Municipality's established role as a prime recipient of HUD affordable housing and homelessness prevention formula grants, with the HOME program representing a significant component of the municipality's federal housing portfolio.