The federal Home Investment Partnerships Program is authorized under Title II of the Cranston-Gonzalez National Affordable Housing Act, as amended. HOME is the largest Federal block grant designed exclusively to create affordable housing for low-income households earning 80 percent or below the Area Median Income (AMI).
The HOME Investment Partnerships Program (HOME) provides funding to eligible property owners, for-profit and non-profit agencies, and Community Housing Development Organizations (CHDO) for new construction on rehabilitation of quality affordable housing in Bridgeport.
Jayson-Newfield Project, 179-201 Middle Street and 1184-1186 Main Street
Credit: Vincent Mobilio, OPED
The City of Bridgeport has created over 600 units of affordable housing as a result of this funding. Primary activities carried out by the City include:
- Down Payment and Closing Cost Assistance for qualified first-time homebuyers
The City of Bridgeport aids low-and moderate-income home buyers in the form of down payment and closing costs to purchase one- to four-family homes.
The City's First-Time Homebuyer Down Payment and Closing Cost Assistance program (DPA) is administered by the Department of Housing and Community Development in partnership with non-profit community partners and /or participating lenders who have been certified by the U.S. Department of Housing and Urban Development (HUD) as housing counseling providers.
- Construction of homes for homeownership opportunities
The City of Bridgeport provides low-interest loans to private individuals, not-for-profit and for-profit entities who construct homeownership units which will be occupied by persons within HUD stated income parameters.
- Construction of new rental housing development
The City of Bridgeport provides low-interest loans to not-for-profit and for-profit entities who construct new rental units to be occupied by persons within HUD stated income parameters.
The following is a general timeline that the City of Bridgeport follows to access and disburse HUD funds.
- December – NOFA released by HUD
- January - Applications open for subrecipients through online portal ZoomGrants
- January - Technical Assistance Workshops for subrecipients
- February - Applications due
- March - Public Hearings: Citizen’s Union, City Council
- April – City Council Approval
- May - Annual Action Plan submittal to HUD, identifying subrecipient allocations
- June – HUD approval of Annual Action Plan
- July-August – City and Subrecipient Contracts executed
- August-June – Subrecipient reimbursements processed to distribute funds
To apply for funds to rehabilitate or construct rental or homeownership units please contact Obiora Nkwo at 203-394-6981.
Refer to Bridgeport HOME Policy and Procedures for application information and criteria.
CFR Part 92
HUD Exchange – HOME Investment Partnerships Program
Senior HCD Manager
999 Broad Street
Bridgeport, CT 06604