HOME Investment Partnerships Program Grant

What are the aims of the HOME Investment Partnerships Program Grant?

The HOME Investment Partnerships Program Grant aims to expand the supply of affordable housing, particularly rental housing, for low and very low income Americans; to strengthen the abilities of State and local governments to design and implement strategies for achieving adequate supplies of decent, affordable housing; to provide both financial and technical assistance to participating jurisdictions, including the development of model programs for developing affordable low income housing; and to extend and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of affordable housing.

Who are eligible to apply for the HOME Investment Partnerships Program Grant?

States, cities, urban counties, and consortia (of contiguous units of general local governments with a binding agreement) are eligible to receive formula allocations in the HOME Investment Partnerships Program Grants; funds are also set aside for grants to Insular Areas.

Technical Assistance applicants: a for-profit and non-profit professional and technical services company or firm that has demonstrated capacity to provide technical assistance services; a HOME participating jurisdiction or agency thereof; a public purpose organization responsible to the chief elected official of a PJ and established pursuant to State or local legislation; an agency or authority established by two or more PJs to carry out activities consistent with the purposes of the HOME program; a national or regional non-profit organization that has membership comprised predominantly of entities or officials of entities of PJs or PJs agencies or established organizations.

CHDO Technical Assistance: public and private non-profit intermediary organizations that customarily provide services (in more than one community) related to affordable housing or neighborhood revitalization of CHDOs, or similar organizations that engage in community revitalization, including all eligible organization under section 233 of the Cranston-Gonzalez National Affordable Housing Act.

Who are the beneficiaries of the HOME Investment Partnerships Program Grants?

For rental housing, at least 90 percent of HOME funds must benefit low and very low income families at 60 percent of the area median income; the remaining ten percent must benefit families below 80 percent of the area median. Assistance to homeowners and homebuyers must be to families below 80 percent of the area median.

How to apply for the HOME Investment Partnerships Program Grant?

Applicants for the HOME Investment Partnerships Program Grant must submit a Consolidated Plan, an annual action plan and certifications to HUD. The Consolidated Plan and annual action plan cover four major formula-distribution HUD community development programs, including HOME. The annual action plan must describe how the funds will be used. The technical assistance funds are awarded on a competitive basis through a national competition, under the Notice of Fund Availability.

An application package prescribing the specific information that an applicant must submit will be available from HUD when the NOFA is published in the Federal Register.

How much is the range and average of financial assistance of the HOME Investment Partnerships Program Grant?

$274,524 to $124,813,610; $2,790,106.

Where to apply for the HOME Investment Partnerships Program Grant?

Regional or Local Offices.Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.

For more information on the HOME Investment Partnerships Program Grant, contact:

Clifford Taffet
451 7th Street, S.W. Room 7164, Washington, District of Columbia 20410
Phone: (202) 708-2685
Fax: (202) 708-1744
Email: Clifford.Taffet@hud.gov
Web Site Address: http://www.hud.gov/homeprogram/

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