HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) &
AFFORDABLE HOUSING TRUST FUND (AHTF)

The HOME Investment Partnerships Program (HOME) is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households. The program is designed to reinforce several important values and principles of community development, such as empowering people and communities to design and implement strategies tailored to their own needs and priorities. HOME aims to expand and strengthen partnerships among all levels of government and the private sector in the development of affordable housing.

The City of Jersey City also maintains its own Affordable Housing Trust Fund (AHTF). The AHTF seeks applications from for-profit, nonprofit and public entities to award funds for the purpose of developing affordable housing. All development funds shall be awarded by the City from the AHTF as loans to supplement other private or public funds needed to complete the project. Only nonprofit and public entities will be eligible to use a portion of the fund award for predevelopment costs.

AHTFs have been made available through Long Term Tax Exemption developer contributions under N.J.S.A. 40A:20-1 et seq. All funds are to be used for the rehabilitation or preservation of existing affordable housing, construction of new low- or moderate-income affordable housing, or, in limited circumstances, for the acquisition of property for the purpose of creating affordable housing.

If you are interested in purchasing a home for the first time and are of low or moderate income, contact the Golden Neighborhoods Homeownership Program. To view and apply for open grants, visit our page on ZoomGrants.
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