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.
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 four 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: HOME Coalition Webpage; HOME State Factsheets and Success Stories; One Pager on HOME; FAQ on HOME; HUD's HOME Investment Partnerships Program Webpage; HUD's HOME Program Technical Assistance Website