HOME Investment Partnerships Program (HOME)

Obiora Nkwo 
203-394-6981 
Obiora.Nkwo@bridgeportct.gov

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: 

1. 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. 
   
   
2. 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.
   
   
3. 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.
   

Funding Cycle             

The following is a general timeline that the City of Bridgeport follows to access and disburse HUD funds. 

1. December – NOFA released by HUD
   
2. January - Applications open for subrecipients through online portal ZoomGrants
   
3. January - Technical Assistance Workshops for subrecipients
4. February - Applications due
5. March - Public Hearings: Citizen’s Union, City Council
6. April – City Council Approval
7. May - Annual Action Plan submittal to HUD, identifying subrecipient allocations
8. June – HUD approval of Annual Action Plan
9. July-August – City and Subrecipient Contracts executed
10. August-June – Subrecipient reimbursements processed to distribute funds

Application 

To apply for funds to rehabilitate or construct rental or homeownership units use this link.

Application Checklist

Refer to Bridgeport HOME Policy and Procedures for application information and criteria.

Resources             

CFR Part 92

HUD Exchange – HOME Investment Partnerships Program