HOME Investment Partnerships Program FAQ
The HOME Investment Partnerships Program (HOME) provides grants to state and local governments to produce affordable housing for low‐income families. States and localities target flexible HOME funds to the particular needs of their communities—new production where units are scarce, rehabilitation where housing quality is a challenge, and the right mix of rental and homeownership housing. This flexibility also means that states and communities can quickly react
to changes in their local housing markets.
Since 1990, over 1.27 million units of housing have been produced with HOME funds. HOME funds also have helped more than 337,700 families through tenant-based rental assistance. HOME frequently provides critical gap financing to make affordable rental housing funded with Low Income Housing Tax Credits (Housing Credit) or other federal, state, and local housing projects feasible and allows the housing produced to reach even lower income populations.
This cost-effective program leverages more than $4.32 in public and private resources for every $1 spent. The HOME Coalition estimates that this investment has supported nearly 1.6 million jobs and generated $100.7 billion in local income.
The HOME Investment Partnerships Program FAQ (last updated January 2018) covers the following:
- What is HOME?
- Whom does HOME serve?
- Why is HOME necessary?
- What is the economic impact of HOME?
- How does HOME work?
- Who administers the HOME program?
- What is the current funding level for HOME?
- What should Congress do to improve HOME?
For updates about the HOME Program, please visit https://www.ncsha.org/home-coalition/.