HOME Housing Production Investment Fund 2027

The HOME Housing Production Investment Fund 2027 is a state grant opportunity administered by the New Jersey Department of Community Affairs to increase the supply of affordable housing for low- and very low-income households. The program provides funding to for-profit and non-profit developers for the new construction or rehabilitation of permanent rental units and for-sale homeownership units, including single-family homes, condos, co-ops, and two-family homes. Projects must be completed within four years, including initial lease-up or sale, and are limited to a maximum of 11 HOME-assisted units per project. Funding is provided via a maximum per-unit subsidy based on bedroom count, ranging from 187,658 dollars for studios to 371,477 dollars for units with four or more bedrooms. Applications must be submitted through the DCA SAGE Grant Application Portal by June 30, 2027. Evaluation is based on construction cost reasonableness relative to building type and unit size, as well as strict affordability requirements: rental projects must target households at 50 percent to 60 percent of the Area Median Income, while homeownership projects must target those at or below 80 percent. Compliance requires adherence to 24 CFR Part 92, HUD Part 58 environmental reviews, and various accessibility standards including the Fair Housing Act and the New Jersey Barrier Free Subcode. Additional requirements include the submission of an Affirmative Fair Housing Marketing Plan, Energy Star certification by a third-party consultant, and specific entity identifiers such as SAM.gov and NJStart vendor numbers.