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 Links: HUD's HOME Investment Partnerships Program Webpage; HUD's HOME Program Technical Assistance Website; FY 2012 Advocacy Webpage
Printer-friendly versionNCSHA Blog Posts
- January 18, 2012
On January 18, HUD announced that it is launching a Section 3 Business Registry pilot program in New Orleans, Detroit, Los Angeles, Miami, and Washington, DC. The pilot will run until the fall of 2012. - January 12, 2012
HUD Assistant Secretary for Community Planning and Development (CPD) Mercedes Márquez addressed attendees during the Breaking News from HUD Opening Plenary. Márquez reiterated her support for HOME, saying she believes the program is “singularly the best federally funded program for affordable housing.” She highlighted the fact that HOME production has exceeded one million units and reiterated HUD’s support for the flexibility HOME provides to state and local jurisdictions.
Housing Headlines
- Washington Post
- Washington Post
- House Appropriations Committee
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
- January 23, 2012
- December 20, 2011
A collection of helpful links for HOME program administrators.
