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HOME Investment Partnerships Program FAQs

Published on February 23, 2024

The HOME Investment Partnerships (HOME) program provides funding to state and local governments to support affordable housing activities for low‐income families. States and localities target flexible HOME funds to the particular needs of their communities — construction or preservation of single‐ and multifamily housing for rental or homeownership, rehabilitation of owner‐occupied housing, assistance to home buyers, and tenant‐based rental assistance. This flexibility also means states and communities can react quickly to changes in their local housing markets.

Since 1992, more than 1.37 million units of housing have been produced with HOME funds. HOME funds also have helped families residing in more than 387,000 units through tenantbased rental assistance. HOME frequently provides critical gap financing to make affordable rental housing funded with Low‐Income Housing Tax Credits (Housing Credits) or other federal, state, and local housing projects feasible and allows the housing produced to reach even lower income populations. Since 2017, 56 percent of HOME units were located in Housing Credit developments, representing 63 percent of all HOME funding.

The HOME Investment Partnerships Program FAQs document covers the following:

  • What is HOME?
  • Whom does HOME serve?
  • Why is HOME necessary?
  • What is HOME’s economic impact?
  • How does HOME work?
  • Who administers the HOME program?
  • What is the current funding level for HOME?
  • What should Congress do to improve HOME?
  • What is the HOME-ARP program?


For updates about the HOME Program, please visit https://www.ncsha.org/home-coalition/.