HOME Investment Partnerships Program

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affordable housing program federal block grant program

The HOME Investment Partnerships Program is a federal block grant initiative that provides funding to states and localities to create affordable housing for low-income households through activities like building, buying, and rehabilitating homes or providing rental assistance.

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Statements (49)

Predicate	Object
instanceOf	affordable housing program ⓘ federal block grant program ⓘ
abbreviation	HOME Program ⓘ
administeredBy	Office of Community Planning and Development ⓘ surface form: HUD Office of Community Planning and Development United States Department of Housing and Urban Development ⓘ surface form: U.S. Department of Housing and Urban Development
affordabilityPeriod	5 to 20 years depending on activity and amount of HOME investment ⓘ
allocationFormulaFactors	number of low-income families ⓘ number of substandard units ⓘ relative inadequacy of housing supply ⓘ rental housing costs ⓘ
allows	use of funds for Community Housing Development Organizations ⓘ
authorizedBy	Cranston-Gonzalez National Affordable Housing Act ⓘ Cranston-Gonzalez National Affordable Housing Act ⓘ surface form: Title II of the Cranston-Gonzalez National Affordable Housing Act
beneficiaries	low-income households ⓘ very low-income households ⓘ
complements	Community Development Block Grant program ⓘ
country	United States of America ⓘ surface form: United States
eligibleRecipients	consortia of local governments ⓘ local governments ⓘ participating jurisdictions ⓘ states ⓘ
enactedInYear	1990 ⓘ
fundingSource	federal appropriations ⓘ
fundingType	block grant ⓘ formula grant ⓘ
incomeTargetingRequirement	at least 90 percent of HOME rental units must be occupied by households at or below 60 percent of area median income ⓘ
levelOfGovernment	federal ⓘ
matchingRequirement	25 percent non-federal match ⓘ
monitoredBy	United States Department of Housing and Urban Development ⓘ surface form: HUD
primaryActivities	acquisition of housing ⓘ development of affordable rental housing ⓘ homebuyer assistance ⓘ new construction of housing ⓘ rehabilitation of housing ⓘ tenant-based rental assistance ⓘ
prohibits	use of funds for public housing operating subsidies ⓘ use of funds for tenant-based rental assistance for more than 24 months at a time without renewal ⓘ
purpose	to expand the supply of decent, safe, and affordable housing for low-income households ⓘ to strengthen public-private partnerships for affordable housing ⓘ
regulationsCodifiedAt	24 CFR Part 92 ⓘ
reportingMechanism	Integrated Disbursement and Information System ⓘ
requires	a minimum 15 percent of annual allocation reserved for CHDOs ⓘ consolidated plan submission by participating jurisdictions ⓘ long-term affordability restrictions ⓘ written agreements with project owners ⓘ
sector	housing and community development ⓘ
statutoryCitation	42 U.S.C. 12721 et seq. ⓘ
supports	homeownership opportunities for low-income households ⓘ production of affordable rental units ⓘ

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Cranston-Gonzalez National Affordable Housing Act → createdProgram → HOME Investment Partnerships Program ⓘ

United States housing policy → includesProgram → HOME Investment Partnerships Program ⓘ

Office of Community Planning and Development → programAdministered → HOME Investment Partnerships Program ⓘ