The HOME Investment Partnerships program is a federal block grant that provides states and localities with a flexible funding source to meet their diverse affordable housing needs. States receive 40 percent of total HOME funding, and localities receive 60 percent based on a formula determining need.
HFAs and HOME
States and localities use HOME to finance innovative programs and projects, including new construction, rehabilitation, down payment assistance, and rental assistance—all targeted to low-income families. One dollar in HOME funds leverages over three dollars of additional investment in affordable housing.
HOME has a proven record as a highly successful program, creating rental and homeownership opportunities for tens of thousands of low-income families every year. NCSHA is the principal state advocate for the HOME program. Advocating for HOME resources is one of NCSHA’s Legislative Priorities.
Useful Link: HUD's HOME Investment Partnerships Program Webpage
Printer-friendly versionNCSHA Blog Posts
- July 21, 2010
On July 21, the Senate Appropriations Transportation-HUD Subcommittee marked up and passed its FY 2011 HUD appropriations bill. According to the Subcommittee’s summary, the Subcommittee-passed bill provides $1.825 billion for the HOME program—the same amount enacted in FY 2010 and $175 million more than the President’s request. NCSHA opposed the Administration’s proposed HOME funding cut. - July 21, 2010
On July 20, the House Appropriations Committee marked up and passed its FY 2011 T-HUD appropriations bill. There were few changes from the Subcommittee-passed bill, which we reported on in a July 6 blog post. According to the Committee summary, the Committee-passed bill provides $1.825 billion for the HOME program—the same amount enacted in FY 2010, $175 million more than the President’s request, and the same amount as provided in the Subcommittee-passed bill.
Housing Headlines
- House Appropriations Committee
- U.S. Department of Housing and Urban Development
- Washington Post
News
- July 2, 2010
The Delaware State Housing Authority (DSHA) today announced that 19 communities and scattered sites will receive funds from the state’s Community Development Block Grant Program (CDBG) and HOME Investment Partnerships Program (HOME). More than $2.2 million in funding will be divided amongst the municipalities of Kent and Sussex Counties for housing rehabilitation, water/sewer hookups, demolition, street repair, storm water drainage and administration.
Events
- July 27, 2009
The Institute's four program-specific conferences will strengthen your understanding of program fundamentals and explore advanced techniques for administering the Low Income Housing Tax Credit; the HOME Investment Partnerships program; Mortgage Revenue Bonds, Federal Housing Administration and rural housing mortgage insurance; and HUD's Performance-Based Section 8 Contract Administration initiative.
HOME - Resources
- June 30, 2010
NCSHA sent letters to the House HUD Appropriations subcommittee members requesting at least $2 billion in HOME formula grant funding; an increase in Section 8 funding to renew all expiring contracts, fully fund all authorized vouchers, provide new vouchers, and ensure that successful HFA voucher and project-based contract administrators continue in and are adequately compensated for these roles; and resources for HFAs to fulfill new Housing Credit data collection requirements. - February 26, 2010HOME is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. It allows states and localities to decide how best to use the scarce HOME funds to meet their most urgent affordable housing needs.
