HOME Program

The HOME Investment Partnership Program (HOME) provides federal grant money for housing needs for low- and very low-income individuals and families.

Home funds can be used for the following:

  • rental housing acquisition or renovation
  • homeownership
  • home repair, including modifications to make a residence handicapped-accessible
  • rental subsidies

The allocation of HOME funds to states and localities is based on a formula established by the federal government. An "eligible" community must have a Consolidated Plan (ConPlan) in order to qualify for the HOME program.

The HOME program is quite flexible and encompasses a wide array of housing activities. Up to 15 percent of the HOME funds allocated to a community must be reserved for Community Housing Development Organizations (CHDOs), which are non-profit organizations that foster affordable housing. Up to 10 percent of HOME funds can go to a community's administrative overhead.

HOME funds can be used for the following:

  • Rental Housing - ranging from small structures to large apartment complexes. There are income restrictions on the tenants who occupy most of the units.
  • Tenant-based Rental Assistance - Awarded for a 2-year period
  • Homeownership Activities
  • Homeowner Repair

To find out who are recipients of HOME money, click here.