HOME Investment Partnerships Program
Community Planning and Development (CPD)
What is HOME Investment Partnerships Program ?
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. These activities include building, buying, and/or rehabilitating affordable housing for rent or homeownership and providinge rental assistance to low-income families.
Administration
HOME Investment Partnerships Program is administered by Community Planning and Development (CPD).
Program Requirements
In rental projects with five or more assisted units, at least 20 percent of the units must be occupied by families with incomes that do not exceed 50 percent of the HUD-determined area median income, adjusted for family size (“AMI”) and the remainder must have incomes that do not exceed 80 percent of AMI.
The incomes of households receiving HUD tenant-based rental assistance must not exceed 80 percent of AMI.
Homeownership assistance must be to families with incomes at or below 80 percent of AMI.
Each year, HUD publishes the applicable AMI limits.
Application Details
What is the application process for HOME Investment Partnerships Program ?
To apply, contact your local administering agency.