HOME Investment Partnerships Program (HOME)
To provide formula grants to states and localities to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people.
Applicant and/or Project Eligibility Requirements
Participating jurisdictions may choose among a broad range of eligible activities, using HOME funds to provide home purchase or rehabilitation financing assistance to eligible homeowners and new homebuyers; build or rehabilitate housing for rent or ownership; or for "other reasonable and necessary expenses related to the development of non-luxury housing."
Consider integrating rooftop solar, efficient electric appliances, weatherization, demand management, and other related distributed energy resources to reduce energy costs and emissions when building new and/or rehabilitating current affordable housing.
Consider prioritizing the distributed energy resource solutions that have the largest reduction on occupants' energy burden. The program's formula allocation considers the relative inadequacy of each jurisdiction's housing supply, its incidence of poverty, its fiscal distress, and other factors.
States are automatically eligible for HOME funds and receive either their formula allocation or $3 million, whichever is greater. Local jurisdictions eligible for at least $500,000 under the formula ($335,000 in years when Congress appropriates less than $1.5 billion for HOME) also can receive an allocation.