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The HOME Investment Partnerships Program (HOME) is a type of United States federal assistance that the U.S. Department of Housing and Urban Development (HUD) provides to states to create decent and affordable housing, particularly housing for low and very low income Americans. [1]
The HOME Investment Partnerships Program, managed by the Department of Community and Economic Development, allocates grants to local municipalities to increase and improve the availability of low ...
DHCR administers various programs aimed at developing, rehabilitating, and preserving affordable housing in the state. Programs include the Mitchell–Lama Housing Program, federal Low-Income Housing Tax Credit and State Low-Income Housing Tax Credit, which offers tax incentives to encourage private investment in affordable housing; the federal HOME Investment Partnerships Program of the HTFC ...
Communities often use program funds in partnership with local nonprofit groups to fund various activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people. HOME is authorized under Title II of the Cranston-Gonzalez National Affordable Housing Act, as ...
The program will provide a 3-to-1 match up to $12,000, and these loans may be used for a down payment or closing costs. For example, if the homebuyer invests $500, the County will match $1,500 and ...
The Home Investment Partnerships Program (HOME) – This HUD program provides grants to state and local governments that can be used to create affordable housing options for low-income households ...
The HOME Investment Partnerships Program, another community block grant program, was created by Congress in 1990 and authorized as Title II of the Cranston-Gonzalez National Affordable Housing Act. [7] Similar to CDBGs, a consolidated plan is required prior to distribution of HOME funds. [14]
Habitat for Humanity built all the units with HOME Investment Partnerships Program funds, the largest federal block grant program for state and local governments creating housing for low-income ...