The intended outcomes from this grant opportunity are as follows:Create approximately 150 new units of affordable rental housingCreate approximately 25 new affordable single family homes for purchase Assist with the purchase or rehabilitation of approximately 250 affordable single-family residencesProvide approximately 24 months of rental assistance to 300 low-income households.
The HOME Program is intended to fund a variety of projects and programs. Applicants can include Cities, Counties, Tribal Entities or Tribally Designated Housing Authorities, Community Housing Development Organizations, and other Developers.
Activities funded include the acquisition and new construction or rehabilitation of multi-family projects providing housing to income-eligible tenants, the development of single-family residences to be sold to income-eligible households, and to fund local programs that provide first-time homebuyer downpayment assistance, owner-occupied rehabilitation, and tenant-based rental assistance. Cities, Counties and Tribal entities are eligible only if they do not receive a direct HOME allocation from HUD. Developers and CHDOs must locate their projects to serve communities that do not receive a direct HOME allocation from HUD.
Projects may receive a grant or loan depending on the applicant for up to $7M. Programs maximum grant amount will be $2M and applicants can utilize the funds for any of or all three of the eligible activities to fund fund homebuyer downpayment loans, owner-occupied rehabilitation loans/grants and tenant-based rental assistance grants.
rehabilitationdownpayment assistancetenant-based rental assistancerental housingHOME.
*** NOTE: This application deadline is for City, County, Developer Only, see separate opportunity for Tribal Entities***
This funding provides loans or grants to eligible HOME Applicants serving low-income (at or below 80 percent of Area Median Income (AMI)) and very low-income (at or below 50 percent of AMI) households.
All housing assisted with these funds will be occupied by households that meet the income restrictions for the program which require the funds go to serve households whose incomes are at or below 80% AMI.
- Public Agency
Business would be a for profit Developer.
Funds can be utilized to fund programs or build projects in only communities that do not receive a direct HOME allocation from HUD.
How to Apply
State agencies/departments recommend you read the full grant guidelines before applying.
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