HOME Investment Partnerships Program FAQs
The HOME Investment Partnerships Program (HOME) is a federal block grant program that 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 allows states and communities to react quickly to changes in their local housing markets.
HOME is the flagship affordable housing production program of the Department of Housing and Urban Development (HUD). In fact, no other HUD program is designed to increase the supply of affordable rental and owner-occupied housing.
Since 1992, HOME has been used to finance more than 1.39 million homes and has provided rental assistance help to more than 404,000 families.[1] HOME frequently provides critical gap financing to make affordable rental housing funded with the Low-Income Housing Tax Credit (Housing Credit) or other federal, state, and local housing projects feasible and allows the housing produced to reach even lower income populations. From 2020 – 2024, 58 percent of HOME units were located in Housing Credit developments, representing 65 percent of all HOME funding.[2]
[1] U.S. Department of Housing and Urban Development, “HOME National Production Report,” January 2, 2025.
[2] U.S. Department of Housing and Urban Development, “HOME Units Completed Within LIHTC Projects by State,” December 31, 2024.
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?
- 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/.
