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Home Investment Partnerships (HOME) Program is sponsored by U.S. Department of Housing and Urban Development (HUD) / Rhode Island Executive Office of Housing (EOH). The HOME program provides funding to states and localities, which then use these funds in partnership with local non-profits for activities such as building, buying, or rehabilitating affordable housing (for rent or homeownership) or providing direct rental assistance to low-inc…
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Home Investment Partnerships (HOME) Program | dhcd The Department of Housing and Community Development receives Home Investment Partnerships (HOME) program funds from the U.S. Department of Housing and Urban Development (HUD). The HOME program supports building, buying, and/or rehabilitating affordable housing for rent, homeownership, or provides direct rental assistance to low-income residents.
HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households. Shortly after HOME funds become available each year, HUD informs eligible jurisdictions of the amounts earmarked for them.
Participating jurisdictions must have a current and approved Consolidated Plan, which will include an action plan that describes how the jurisdiction will use its HOME funds. Community Housing Development Organizations (CHDOs) are eligible for certain set-aside funding from the HOME Program (which is governed by federal regulations at 24 C. F.
R. Part 92). Community Housing Development Organizations (CHDOs)
According to the current listing, eligibility includes: States and localities, which partner with local non-profits. Confirm the full requirements in the official notice before applying.
The current listing shows varies (Rhode Island received $5,643,752 in HOME funds. Providence received $1,331,217, Pawtucket $513,652, Woonsocket $364,138, and a pot of funds for communities across the state totaled $3,434,745). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Home Investment Partnerships (HOME) Program is funded by U.S. Department of Housing and Urban Development (HUD) / Rhode Island Executive Office of Housing (EOH). Verify program details on the funder's official page before applying.
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