Housing Initiatives of Princeton to manage second round of rental assistance for residents in need Housing Initiatives of Princeton (HIP) and the municipality have partnered to offer a second round of rental assistance to residents facing eviction during the coronavirus pandemic. The funding for the rental assistance will be from federal funds received through the Community Development Block Grant (CDBG) program. The program, which is under the U.S. Department of Housing and Urban Development (HUD), provides grants to municipalities and counties to aid low and moderate income residents. HIP, a Princeton nonprofit, will manage the funding for the municipality and is set to use $319,527 in funds received from the program. The CBDG funding will provide for three consecutive months of rental assistance either going forward for an individual who qualifies, or for people who are still behind in rent.