Home investment partnerships program

On September 23, 2025, the Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Municipio De Carolina a formula grant of $761,575.34 under the HOME Investment Partnerships Program (CFDA 14.239). The award, with a completion date of September 30, 2034, supports the municipality's affordable housing and community development initiatives through its Infrastructure Management Division. The HOME program funds eligible activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance. All housing assisted through this funding must meet federal income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the specific activity type and HOME funding contribution.

As a participating jurisdiction in the San Juan Metropolitan Area, the Municipio De Carolina will utilize these formula-allocated funds to serve low- and moderate-income residents while strengthening municipal housing stock and community development capacity. The municipality has demonstrated substantial experience administering HOME grants and other HUD community development programs across multiple funding cycles. The grantee is responsible for maintaining compliance with 24 CFR Part 91 requirements, submitting annual Action Plans and five-year Consolidated Plans for HUD review, and maintaining records of program activities for five years beyond applicable affordability periods.