Home investment partnerships program

The Puerto Rico Housing Finance Authority received a $13.3 million formula grant award from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239), effective September 23, 2025, through September 30, 2034. This funding supports a comprehensive range of affordable housing activities across Puerto Rico, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance for low- and very-low-income households. All HOME-assisted housing must meet strict 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 designated participating jurisdiction, the Puerto Rico Housing Finance Authority implements these funds either directly or through partnerships with private developers and other affordable housing providers. The Authority is required to maintain records for five years beyond each affordability period and must submit annual action plans and five-year Consolidated Plans to HUD for review according to 24 CFR Part 91. Since the HOME program's establishment in 1990, it has distributed over $41 billion nationally to create more than 1.38 million affordable housing units and provide rental assistance to over 422,000 households.