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

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

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.

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.

Details

• Agency: Department of Housing and Community Development
• Type: Grant; Loan
• Funding Source: Federal
• Estimated Available Funds: $14,000,000
• Estimated Awards: Dependant on number of submissions received, application process, etc.
• Award Amount: Dependant on number of submissions received, application process, etc.
• Funding Method: Reimbursement(s)
• Matching Funds: Not Required
• Geography: This funding is eligible for program activities to be located in only state HOME-eligible jurisdictions, and on Tribal lands.

Categories

Housing, Community and Economic Development

Eligible Applicants

Nonprofit; Public Agency; Tribal Government