The Home Investment Partnership Program is a federal program in the United States that aims to increase the availability of affordable housing for low-income individuals and families.
The Home Investment Partnerships Program works by providing grants to participating jurisdictions, such as states and local governments, to support affordable housing initiatives.
HOME Program provides funding for the development, rehabilitation, acquisition of affordable housing units, tenant-based rental assistance & homeownership assistance.
Eligible recipients of HOME funds include state and local governments as well as nonprofit organizations, for-profit entities, and community housing development organizations (CHDOs).
The funding limits for the Home Program can vary depending on the allocation received by participating jurisdictions and the specific activities or projects being funded.
HOME program establishes rules and regulations governing the use of funds, including income requirements, rent limits, affordability periods, and compliance with fair housing.