Municipio Autónomo de San Juan – Website institucional del Municipio de San Juan de Puerto Rico

The Housing and Community Development Department´s mission is to provide alternate means of adequate and safe housing at affordable prices to improve the living conditions of low-income families in San Juan and of other needy citizens.

HOME Investment Partnership Program

In 1992 the Municipality of San Juan implemented HOME, a “HOME Investment Partnership Program.” This program was created under Title II of the National Affordable Housing Act of 1990 (National Affordable Act), to provide funds to nonprofit organizations, municipalities and States for the development of social housing.

HOME Program offers low-resources individuals and families the opportunity to acquire dignified, safe and sanitary housing at affordable prices, granting them subsidies and/or loans.

  • All participants must meet the income limits established by the Federal Housing Department.
  • The property to be purchased must be the primary residence and be located in the San Juan area.
  • Comply with all the requirements established by the program.
  • Maximum income by household size to qualify for social housing

 

Low Income
Household 1 2 3 4 5 6 7 8
Family Income 19,250 22,000 24,750 27,500 29,700 31,900 34,100 36,300

 

 

Subsidy and/or individual loan is granted for the acquisition of a new or existing social housing in San Juan. Assistance is provided for the down payment and/or closing costs in order to reduce the amount of the mortgage and facilitate housing acquisition.

Subsidy and/or loan are granted to individual or familiar homeowners (structure and land) for housing rehabilitation or new construction. This activity is intended to improve the quality of life of San Juan families.

Loans or financing to developers to encourage the construction of affordable housing, through projects of new construction or rehabilitation of existing properties around San Juan. Once completed the project, the developer transfers funding to housing units, which allows the reduction in the selling price. The difference between the original sale price and the mortgage amount results in the subsidy awarded to the participant

“Community Housing Development Organization” (CHDO)

CHDO is a non-profit community-based private organization created with the purpose of developing, acquiring or sponsoring, dignified, safe and sanitary social-interest housing for persons or families with limited resources in the community it serves.

“HOME” program Federal regulation establishes that at least 15% of the annual funds allocation should be reserved for those organizations. Among the CHDO qualification criteria there are some specific aspects, such as legal status, organizational structure, capacity, and experience in housing development.

  • All participants must meet the income limits established by the Federal Housing Department.
  • The property to be purchased must be the primary residence and be located in the San Juan area.
  • Comply with all the requirements established by the program.
  • Maximum income by household size to qualify for social housing

 

Low Income
Household 1 2 3 4 5 6 7 8
Family Income 19,250 22,000 24,750 27,500 29,700 31,900 34,100 36,300

 

 

Subsidy and/or individual loan is granted for the acquisition of a new or existing social housing in San Juan. Assistance is provided for the down payment and/or closing costs in order to reduce the amount of the mortgage and facilitate housing acquisition.

Subsidy and/or loan are granted to individual or familiar homeowners (structure and land) for housing rehabilitation or new construction. This activity is intended to improve the quality of life of San Juan families.

Loans or financing to developers to encourage the construction of affordable housing, through projects of new construction or rehabilitation of existing properties around San Juan. Once completed the project, the developer transfers funding to housing units, which allows the reduction in the selling price. The difference between the original sale price and the mortgage amount results in the subsidy awarded to the participant

“Community Housing Development Organization” (CHDO)

CHDO is a non-profit community-based private organization created with the purpose of developing, acquiring or sponsoring, dignified, safe and sanitary social-interest housing for persons or families with limited resources in the community it serves.

“HOME” program Federal regulation establishes that at least 15% of the annual funds allocation should be reserved for those organizations. Among the CHDO qualification criteria there are some specific aspects, such as legal status, organizational structure, capacity, and experience in housing development.



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