Home investment partnerships program

Federal Grant Award Summary

The Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded $760,259 to Municipio De Ponce (External Resources Division) under the HOME Investment Partnerships Program (CFDA 14.239) on September 19, 2025. This formula grant funds affordable housing activities in Ponce, Puerto Rico, through September 30, 2034, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance for low-income households.

The HOME program allocates funds on a formula basis to participating jurisdictions, with 60 percent distributed to local governments and 40 percent to states. All housing assisted through this award must meet federal income targeting and affordability requirements, with units remaining affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. As a participating jurisdiction, Municipio De Ponce must submit annual Action Plans and maintain comprehensive records for five years beyond the required affordability periods to document program compliance.