Introductory Guide to HOME: A New King of Affordable Housing Program

摘要

Because every community has a need for adequate, affordable housing, the Federal Government created the HOME Investment Partnership Program to help States and local governments respond to that need. But because the nature of each community's needs and resources is different, HOME was designed to ensure that each community is able to use the assistance in ways that respond best to its unique circumstances. Unlike categorical grant programs that will fund only a specific type of housing activity (construction of public or elderly housing, for example), HOME funds a broad range of activities, including new construction, rehabilitation, acquisition of standard housing, assistance to new homebuyers, and tenant-based rental assistance. This guide provides a general introduction to the HOME program. It briefly describes the program's purposes and features, explains how eligible jurisdictions apply to participate in HOME, and outlines some of the basic rules that govern the use of program funds.