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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 ...
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 ...
Using the abbreviation "ADDI," this funding was provided as a component of the HOME Investment Partnerships Program (HOME) which is a block grant program providing states and eligible cities and counties with annual funding toward a range of affordable housing activities. ADDI funding was last appropriated in federal fiscal year 2007 and has ...
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]
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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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 ...