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HOME Investment Partnerships Program (HOME) – Non-Tribal Applicants

Grantor:
Department of Housing and Community Development
Portal ID:
58428
Status:
Closed
Opportunity Type:
  • Grant
  • Loan
Last Updated:
Categories:

Details

Purpose:

The HOME program provides loans for multi-family rental new construction and rehabilitation projects with or without acquisition, first time home buyer projects (newly constructed homes sold to income eligible families) and grants to state recipients (cities, counties, and federally recognized tribes to operate fist-time home buyer down payment assistance, owner-occupied rehabilitation, and/ or tenant-based rental assistance programs.

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.

With this funding, the Department will award HOME funds to eligible applicants on a competitive basis, in the form of loans/grants to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance.

Eligibility Requirements

Eligible Applicants:

  • Business
  • Individual
  • Nonprofit
  • Other Legal Entity
  • Public Agency
  • Tribal Government

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

Eligible Geographies:

This funding is only eligible in state HOME eligible jurisdictions

The HOME Program has several targets/set-asides including CHDOs (15%), Rural Areas (50%), Native American Entities (20%), and Federally-Declared Disaster Areas ($18M).

Important Dates

The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight.
The date on which the grantor expects to announce the recipient(s) of the grant.
September 2024
The length of time during which the grant money must be utilized.
9/1/2030

Funding Details

The total projected dollar amount of the grant.
See Notes Below
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

Available Funding Notes:

Approximately $120 million for this grant.

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:
Nicole McCay, 1-916-263-0422, HOMENOFA@hcd.ca.gov

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