The Housing Division of the Department of Housing & Community Development administers a variety of housing programs to assist eligible low and moderate-income residents to purchase, rent or rehabilitate existing housing units located in the City. The major housing programs currently managed by this division include programs funded by the State Housing Initiatives Program (SHIP), the Home Investment Partnership Program (HOME), and the Community Development Block Grant Program (CDBG), which offer loans and/or grants to prospective homebuyers, homeowners or developers for the purchase, rehabilitation or construction of new affordable housing units.