Jubilee Commons - Photo by Sarah GalbraithHOME Investment Partnership Grant

Background

HOME Investment Partnership Grants from the U.S. Department of Housing and Urban Development are awarded to states and local government to implement local housing strategies designed to increase homeownership and affordable housing. The City matches HOME funds and sets aside at least 15% of its allocation for housing to be owned, developed or sponsored by community housing development organizations.

Homes with PlaygroundEligible uses of funds include:

  • Homeownership downpayment (American Dream Downpayment Initiative)
  • Tenant-based assistance
  • Housing rehabilitation
  • Assistance to homebuyers
  • New construction of housing
  • Site acquisition
  • Site improvements
  • Demolition
  • Relocation
  • Jubilee Commons - Photo by Sarah GalbraithOther necessary and reasonable activities related to the development of non-luxury housing

Funds may not be used for:

  • Public housing development
  • Public housing operating costs
  • Section 8 tenant-based assistance
  • Providing non-federal matching contributions for other federal programs
  • Operating subsidies for rental housing
  • Activities under the Low-Income Housing Preservation Act

All housing developed with HOME funds must serve low- and very low-income families. For rental housing, at least 90% of the families benefited must have incomes at or below 60% of the area median income; the remaining 10% of the families benefited must have incomes at or below 80% of the area median income. Assistance to homebuyers and homeowners must be to families with incomes at or below 80% of the area median income. 

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