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HOME Investment Partnerships Program (HOME) 2024 Program Activities reopened NOFA

Grantor:
Department of Housing and Community Development
Portal ID:
164586
Status:
Active
Opportunity Type:
  • Grant
  • Loan
Last Updated:
Categories:

Details

Purpose:

The state HOME program provides funding for housing rehabilitation, new construction, and acquisition and rehabilitation for multifamily projects; new construction and down payment assistance for single-family projects; first-time homebuyer down payment assistance, owner-occupied rehabilitation and tenant-based rental assistance programs; and predevelopment loans to CHDOs. All activities must benefit low-income renters, homebuyers or homeowners.

Description:

The HOME Program is a federal formula grant program that provides annual allocations to states to increase and preserve the supply of decent, safe, and sanitary affordable housing specifically for serving low-income [at or below 80 percent (80%) of Area Median Income (AMI)] and very low-income [at or below 50 percent (50%) of AMI] households. 

This NOFA is to make available unclaimed HOME 2024 NOFA Program Activities funding, on an over-the-counter basis, until the next HOME Program Activities NOFA is released or funds are exhausted.  With this funding, the Department will award HOME funds to eligible applicants on a first-come, first-served basis, in the form of loans/grants to fund Program Activities including first-time homebuyer programs, owner-occupied rehabilitation programs, and tenant-based rental assistance programs.

Eligibility Requirements

Eligible Applicants:

  • Nonprofit
  • Public Agency
  • Tribal Government

Eligible applicants include cities and counties that do not receive HOME funds directly from HUD; Native American Entities; and state-certified CHDOs. See NOFA for more details on eligibility.

Eligible Geographies:

This funding is eligible for program activities to be located in only state HOME-eligible jurisdictions, and on Tribal lands.

Important Dates

The date on which the grantor expects to announce the recipient(s) of the grant.
Continuous
The length of time during which the grant money must be utilized.
5 years

Funding Details

The total projected dollar amount of the grant.
$14,000,000
A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
Dependent
Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
Dependent
Certain grants require that the recipient(s) provide a letter of intent.
No
Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • Federal

Funding Source Notes:

The HOME Program is subject to state and federal regulations, including 25 C.C.R § 8200 et seq. and 24 C.F.R. Part 92.

The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Reimbursement(s)

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
Vicki Balanco, 1-916-890-9745, homeprograms@hcd.ca.gov

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