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Find similar grantsHOME Investment Partnerships Program is sponsored by Kentucky Housing Corporation (KHC). Provides funding for affordable housing production, rehabilitation, and acquisition to expand capacity for housing providers and create stable housing options for low-income households.
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Created by the National Affordable Housing Act of 1990, the HOME Investment Partnerships (HOME) Program provides funding for various types of affordable housing production and rehabilitation. HOME is the largest federal block grant program designed exclusively to create affordable housing for low-income households. HOME funds may be used as low-interest rate loans to provide housing assistance.
The program's flexibility empowers people and communities to design and implement programs tailored to their own needs and priorities. The majority of HOME funds are distributed through Kentucky Housing Corporation's (KHC) competitive funding process to a variety of housing partners across the state – cities, counties, Community Housing Development Organizations (CHDOs) , nonprofits, and for-profit private developers.
Provide decent, affordable housing to lower-income households. Expand the capacity of nonprofit housing providers. Strengthen the ability of state and local governments to provide housing.
Leverage private sector participation. Select an area below to learn more about HOME is used for those activities. HOME funds may be used for acquisition and rehabilitation or new construction of affordable rental housing.
Eligible Rental Activities Acquisition with new construction Acquisition with rehabilitation Rehabilitation of existing rental units The required affordability period for rental new construction is 20 years. The affordability period for rehabilitation projects is dependent upon the amount of HOME funds invested per unit, ranging from five to 15 years. Affordability periods are secured by a recorded deed restriction.
Projects located in the following areas are not eligible to apply for KHC-administered state HOME funds since the local jurisdiction receives a direct allocation of HOME. Merged governments of Lexington/Fayette County Merged governments of Louisville/Jefferson County The Bellevue, Covington, Dayton, Erlanger, Ludlow, and Newport consortium.
Kentucky is among a handful of states in the nation to fully embrace the variety of activities allowable under the HOME Program, enabling KHC and the agencies it funds to do any of the following: This may include acquisition of an existing home, new construction, or lease-purchase arrangements. HOME funds may be used for construction, principal reduction, down payment assistance, and closing costs.
Eligible households may have incomes up to 80 percent of the area median. Single Family Development The HOME Program allows for funds to be used to bring a family's primary residence up to current building code or, if the house is too dilapidated, to demolish the existing structure and build a new home. To be eligible, households may have incomes up to 80 percent of the area median.
Up to $60,000 of HOME funds per unit may be used for needed repairs.
Construction, rehabilitation, and acquisition Demolition and reconstruction Land acquisition and site preparation for construction Relocation expenses (if property has existing tenants) Lead-based paint abatement or containment Construction loans, bridge loans, and permanent mortgage loans Administrative fees (some restrictions apply) Developer fees (some restrictions apply) Tenant-Based Rental Assistance HOME funds may be used for rent and utility assistance (similar to the Section 8 / Housing Choice Voucher Program), as well as security and utility deposits.
Eligible households must be in one of KHC's special needs populations and may have incomes up to 60 percent of the area median. Learn More About HOME TBRA HOME Law, Regulations, and Federal Register Notices
According to the current listing, eligibility includes: Nonprofits, Community Housing Development Organizations (CHDOs), and local public entities operating in non-entitlement jurisdictions across Kentucky. Confirm the full requirements in the official notice before applying.
HOME Investment Partnerships Program is funded by Kentucky Housing Corporation (KHC). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Kentucky. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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