Today, the U.S. Department of Housing and Urban Development (HUD) published three reports on the HOME Investment Partnership (HOME) Program that are frequently requested by housing advocates and the public. The HOME program is a federal block grant used to assist low and moderate income home ownership and rental housing. For instance, HOME grants can be used for security deposits, down payment assistance and rental assistance, as well as development costs to build and rehab housing. The program targets households with income below 80% area median income (AMI), but when used to assist renters, 90% of the funds received by a local jurisdiction must be used to assist households with income below 60% AMI.
Since 1992, the HOME Program has helped produce over 18,000 rental units, created 13,713 home ownership opportunities, and 3,789 homeowner rehabs.
Follow the links below to review the individual reports: