The HOME program is an important resource for the development of low-income housing. Funding for the HOME Investment Partnerships Program has been cut precipitously since FY10 when HOME received a $1.8 billion appropriation. In FY16, Congress appropriated only $950 million for the HOME program. However, in subsequent years appropriated amounts have gradually increased.

HOME is a flexible block grant that provides states and localities critical resources to help them respond to their affordable housing challenges, including both rental and homeownership needs by targeting resources to low-income families.

If the HOME program is used for rental housing, at least 90% of units assisted throughout the jurisdiction must be for households with income less than 60% of the area median income (AMI), with the remainder for households up to 80% AMI. If there are more than five HOME-assisted units in a building, then 20% of the HOME-assisted units must be for households with income less than 50% of AMI. All assisted homeowners must be below 80% of AMI.

For more information, contact Ed Gramlich, Special Advisor, at [email protected] or 202.662.1530 x314, or Sarah Saadian, Senior Director of Policy, at [email protected]. Members of the media should contact Renee Willis, Vice President for Field and Communications, at 202.662.1530 x247 or [email protected].

Attached Documents

The following documents are provided with this article:

HOME Investment Partnerships Program Resources

December 14, 2020

HUD’s HOME Program Revises Tenant-Based Rental Assistance Waivers

HUD’s Office of Affordable Housing Programs, which administers the HOME Investment Partnership (HOME) program, issued a Memorandum on December 4 revising and extending an April 10 Memorandum containing waivers pertaining to the HOME program’s Tenant-Based Rental Assistance (TBRA) option. The April…

December 14, 2020

HUD Revises Overall HOME Program Waivers

HUD’s Office of Affordable Housing Programs, which administers the HOME Investment Partnership (HOME) program, issued a Memorandum on December 4 revising and extending an April 10 Memorandum that provided a number of waivers to HOME regulations in order to address immediate housing needs and to…