Home Investment Partnership Program (HOME)

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HOME provides formula grants to States and localities that communities use—often in partnership with local nonprofit groups—to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people.

Purpose
HOME is the largest Federal block grant to State and local governments designed exclusively to create affordable housing for low-income households. Each year it allocates approximately $2 billion among the States and hundreds of localities nationwide. The program was designed to reinforce several important values and principles of community development:

  • HOME's flexibility empowers people and communities to design and implement strategies tailored to their own needs and priorities.
  • HOME's emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector in the development of affordable housing.
  • HOME's technical assistance activities and set-aside for qualified community-based nonprofit housing groups builds the capacity of these partners.
  • HOME's requirement that participating jurisdictions (PJs) match 25 cents of every dollar in program funds mobilizes community resources in support of affordable housing.
Last Updated: 03/12/07 14:12:52
Funding Sources
Luzerne County Seal