APPLY FOR HOUSING
What Is It?
The HOME Investment Partnerships Program (HOME) provides formula grants to states and localities that communities use – often in partnership with local nonprofit groups – to fund a wide range of activities, including:
- Building, buying, and/or rehabilitating affordable housing for rent or homeownership
- Providing direct rental assistance to low-income people
HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.
Notice
Individuals who participate in this program are responsible for a nonrefundable $1,000 application fee as well as all out-of-pocket costs, including Recording and Satisfaction fees and legal fees incurred by the Authority in preparation and review of financing and closing documents for the funded project. Participants will need to report any grants awarded as income. Loans are not considered income unless forgiven.
This program reinforces several important values and principles of community development:
Flexibility
Flexibility empowers people and communities to design and implement strategies tailored to their own needs and priorities.
Consolidated Planning
Emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector in the development of affordable housing.
Technical Assistance
Technical assistance activities and set-aside for qualified community-based nonprofit housing groups build the capacity of these partners.
Matching Funds
It is a requirement that participating jurisdictions match 25 cents of every dollar in program funds to mobilize community resources in support of affordable housing.
Getting Started
To begin an application for the HOME Investment Partnership Program, click here.
