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Find similar grantsHOME Investment Partnerships Program is sponsored by State Housing Finance Agencies. Provides funding for the development and rehabilitation of affordable housing for low-income individuals.
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HOME Investment Partnerships Program | Maryland Department of Housing and Community Development The HOME Investment Partnerships Program is a federal program that supports affordable housing. It provides funding to state and certain local governments. Maryland's program is administered by the Community Development Administration (CDA) Development.
A portion of the annual funding allocated to DHCD is used in conjunction with existing CDA programs: Community Development Programs HOME funds may be used to build, buy or fix: Special needs housing such as group homes If you are using HOME funds together with other CDA’s programs, projects must meet both: CDA program eligibility requirements The following jurisdiction/recipients are eligible to apply for HOME funds: State Government Agencies are automatically eligible for HOME funds and receive either their formula allocation or $3 million, whichever is greater.
For rental housing units , the residents household incomes must be 50% or less of the area median household income. This income limit is based on household size and is set annually by HUD. For owner-occupied housing units , the owner’s household income must be 55% or less of the area median household income.
This income limit is based on household size and is set annually by HUD. Number of required affordable units The number of income-restricted units is usually calculated by dividing the amount of HOME funds by the total cost of the project, then multiplying that result by the total number of units in the project. CDA may allow fewer income-restricted units if needed to keep the project financially stable.
HOME funds are usually provided as zero interest deferred loans. In some cases, they may be provided as grants or regular (amortized) loans. If the property is sold or stops being used for low-income housing, the borrower must share any equity gain with CDA.
Loan terms range from 20 to 40 years depending on the type of housing financed. The maximum amount of assistance to a single project or activity generally will not exceed the amount needed to make the project viable and to comply with any federal HOME regulations. Notices and income limits 2024 Maryland HOME Maximum Subsidy Limits - DOC - 33 KB Directive H 2024-03 - DOCX - 181.
34 KB Directive H 2024-02 2024 HOME Income Limits and 2024 HOME Fair Market Rents - DOC - 160 KB 2024 Income and Fair Market Rent Announcement - DOCX - 155. 81 KB HOME Program 2024 Income Limits (effective 6/01/2024) - PDF - 37. 06 KB HOME Program 2024 Fair Market Rents Charts (effective 6/01/2024) - PDF - 101.
08 KB Directive H 2023-03 Homeownership Value Limits - DOCX - 187. 81 KB Income and Fair Market Rent Announcement - DOCX - 155. 81 KB Little Patuxent Family FONSI and Publication - PDF - 123.
41 KB HELP Perry Point Phase II - PDF - 117. 51 KB Millington Senior Village - PDF - 89. 74 KB Prospect Heights - PDF - 125.
72 KB Publication of Sojourner - PDF - 125. 12 KB HOME Federal Fiscal Year 2023 Policies - PDF - 112. 39 KB Affirmative Fair Housing Marketing Plan Attachment - PDF - 183.
43 KB RESNET-Building Performance Institute Certification - DOCX - 22. 78 KB 2024 HOME Compliance Certificate - PDF - 1. 58 MB 2025 HOME Attachment to Certification - XLSX - 181.
1 KB Program Contact: Kiaya Nickens, Program Manager Toll Free (Maryland Only): 800-638-7781
According to the current listing, eligibility includes: State and local governments, nonprofit organizations. Confirm the full requirements in the official notice before applying.
HOME Investment Partnerships Program is funded by State Housing Finance Agencies. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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