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.

This program reinforces several important values and principles of community development:
A
Flexibility

Flexibility empowers people and communities to design and implement strategies tailored to their own needs and priorities.

B
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.

C
Technical Assistance

Technical assistance activities and set-aside for qualified community-based nonprofit housing groups build the capacity of these partners.

D
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.