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 Mickelson, 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

August 20, 2018

HUD Issues Notice Detailing HOME Homebuyer Program Policy Requirements

HUD’s Office of Affordable Housing Programs (OAHP) issued Notice CPD 18-09, providing guidance to jurisdictions about the homebuyer program requirements of the Home Investment Partnerships Program (HOME). The Notice describes the requirements that must be met concerning individual homebuyers. HOME…

June 12, 2017

HUD Announces Suspension of HOME 24-Month Commitment Requirement

A HUD Exchange email announced the suspension of the HOME Investment Partnerships Program requirement that Participating Jurisdictions (PJs) commit HOME funds awarded to them within 24 months. The FY17 “Consolidated Appropriations Act” provided for this suspension for FY16 through FY19. HUD…

January 9, 2017

HUD Webinar on HOME Commitment Rule

HUD’s Office of Affordable Housing Programs has scheduled a webinar to explain the recently published interim rule (see Memo, 12/19/16) implementing a grant-specific method for determining compliance with the HOME Investment Partnerships Program’s (HOME) statutory 24-month deadline for committing…