HUD – HOME Investment Partnerships Program (2014)

By NLADA on July 19, 2014 • ( 0 )

Description: The HOME Investment Partnerships Program (HOME) provides formula grants to states and localities that communities use – often in partnership with local nonprofit groups – to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. It is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.

Funding Title: HOME Investment Partnerships Program

Agency Name: Department of Housing and Urban Development

Funding Instrument Type: Grant

Express Language for Legal Aid: No

Population: Low- and moderate-income persons

Cost Sharing or Matching Requirement: No

How to Apply: HUD does not provide CDBG assistance directly to individuals, businesses, nonprofit or organizations or other non-governmental entities. If you are interested in participating in this program, you need to contact your local municipal or county officials to find out how the program operates in your area. Participation requirements may differ from one grantee to another.

Eligible Applicants: Participating jurisdictions may choose among a broad range of eligible activities, using HOME funds to provide home purchase or rehabilitation financing assistance to eligible homeowners and new homebuyers; build or rehabilitate housing for rent or ownership; or for “other reasonable and necessary expenses related to the development of non-luxury housing,” including site acquisition or improvement, demolition of dilapidated housing to make way for HOME-assisted development, and payment of relocation expenses. PJs may use HOME funds to provide tenant-based rental assistance contracts of up to 2 years if such activity is consistent with their Consolidated Plan and justified under local market conditions.

Policy and Regulations on Use of Funds: See https://www.onecpd.info/home/home-laws-and-regulations

Contact Information: http://portal.hud.gov/hudportal/HUD?src=/localoffices