Puerto Rico Housing Finance Authority

Puerto Rico Housing Finance Authority, operating through its Multifamily Housing Finance and Development Division, is a U.S. government entity registered as a housing authority that receives federal formula grants to support affordable housing initiatives across Puerto Rico. As a participating jurisdiction under the U.S. Department of Housing and Urban Development (HUD), the Authority serves as a critical conduit for federal funding aimed at expanding and preserving the affordable housing stock for low- and very low-income households in Puerto Rico. The organization maintains an active registration in SAM.gov and operates under HUD's Community Planning and Development division, demonstrating its established role in the federal housing assistance landscape.

The Puerto Rico Housing Finance Authority has received consistent federal grant awards spanning multiple years under two primary HUD programs: the HOME Investment Partnerships Program (CFDA 14.239) and the Housing Trust Fund (CFDA 14.275). The most recent awards include a $13,324,447.76 HOME formula grant (performance period September 2025 to September 2034) and a $688,461.35 Housing Trust Fund formula grant (performance period September 2025 to September 2032), with previous annual allocations dating back to 2021. Through these grants, the Authority finances a comprehensive range of affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance. The funded projects must meet specific income targeting requirements, with Housing Trust Fund activities requiring that at least 80 percent of funds support rental housing for extremely low-income and very low-income households. All grants are administered by HUD's Assistant Secretary for Community Planning and Development, and the Authority implements these funds either directly or through partnerships with private developers and other affordable housing providers to create sustainable housing solutions across Puerto Rico.