Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded Housing Trust Fund Corp a formula grant of $23.8 million under the Home Investment Partnerships Program (CFDA 14.239) on September 22, 2025, with a completion date of September 30, 2034. This funding supports the expansion of affordable housing supply and strengthens the capacity of state and local governments to address housing shortages for low- and very-low-income populations. Housing Trust Fund Corp, a public housing authority based in Albany, New York, will utilize these funds to finance rehabilitation of owner-occupied housing, provide homebuyer assistance, acquire and construct rental housing, and deliver tenant-based rental assistance to eligible low-income households across New York State.

The HOME Investment Partnerships Program operates through formula-based allocations to designated participating jurisdictions rather than competitive solicitation. Housing Trust Fund Corp must comply with established planning and reporting requirements, including submission of five-year Consolidated Plans and annual Action Plans for HUD review, and must maintain records for five years beyond the applicable affordability periods. All assisted housing units must meet income targeting and affordability requirements, with assisted housing remaining affordable for 5 to 20 years depending on the specific activity type and HOME funding contribution level.