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

June 8, 2020

HUD’s HOME Program Announces Building HOME Online Training

HUD’s Office of Affordable Housing Programs (OAHP) sent a HUD Exchange email reminding stakeholders of the online version of Building Home, a 12-module training program about the HOME Investment Partnerships Program (HOME). The Building HOME online training is a guide providing the HOME program’s…

May 11, 2020

HUD Posts FAQ on CARES Act HOME Program Eviction Moratorium

The Office of Affordable Housing Programs (OAHP) in HUD’s Office of Community Planning and Development (CPD) posted a May 1 document on Frequently Asked Questions (FAQ) on the HOME Investment Partnerships Program (HOME). The FAQ provides guidance on the CARES Act temporary moratorium on evictions…

April 20, 2020

HUD Issues Overall HOME Program Waivers

HUD Acting Assistant Secretary for Community Planning and Development (CPD) John Gibbs signed a Memorandum, “Availability of Waivers and Suspensions of the HOME Program Requirements in Response to the COVID-19 Pandemic,” dated April 10 that provides a number of waivers to HOME regulations in order…