Home Investment Partnerships Program
To expand the supply of affordable housing, particularly rental housing, for low and very low income Americans; to strengthen the abilities of State and local governments to design and implement strategies for achieving adequate supplies of decent, affordable housing; and to extend and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of affordable housing.
General information about this opportunity
Last Known Status
Assistant Secretary For Community Planning and Development, Department of Housing and Urban Development
Type(s) of Assistance Offered
A - Formula Grants
Fiscal Year 2016
Est. 24,574 units completed; 11,696 units of tenant-based rental assistance. 28,812 units completed; 19,576 units of tenant-based rental assistance.Fiscal Year 2018
24,704 units completed, 16,306 units of tenant- based rental assistance.Fiscal Year 2019
est. 32,133 units completed; 10,146 units of tenant-based rental assistance.
National Affordable Housing Act 1990, Title II
Who is eligible to apply/benefit from this assistance?
States, cities, urban counties, and consortia (of contiguous units of general local governments with a binding agreement) are eligible to receive formula allocations; funds are also set aside for grants to Insular Areas.
For rental housing, at least 90 percent of HOME funds must benefit low and very low income families at 60 percent of the area median income; the remaining ten percent must benefit families below 80 percent of the area median. Assistance to homeowners and homebuyers must be to families below 80 percent of the area median.
Receipents must certify they will meet program requirements and applicable federal requirements.
What is the process for applying and being award this assistance?
Preapplication coordination is required. An environmental impact statement is required for this listing. The participating jurisdictions must follow 24CFR Part 91 in order to receive the HOME formula grants.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Submit a Consolidated Plan, an annual action plan and certifications to HUD. The Consolidated Plan and annual action plan cover four major formula-distribution HUD community development programs, including HOME. The annual action plan must describe how the funds will be used.
The responsible HUD Field Office notifies grantees of the formula awards. HUD prepares the grant agreement for formula applicants.
November 15, 2018 to August 16, 2019 Action plans should be submitted to HUD at least 45 days before the start of the program year. In no event will HUD accept a submission earlier than November 15 or later than August 16 of the federal fiscal year for which funds are allocated.
Approval/Disapproval Decision Time
HUD will review for completeness and consistency with the purposes of the Act, within 45 days of receipt from a jurisdiction.
Every fifth year, localities submit a Consolidated Plan. Each year jurisdictions must submit an action plan and certifications.
How are proposals selected?
How may assistance be used?
For use by participating jurisdictions or Insular Areas for housing rehabilitation, tenant-based rental assistance, assistance to homebuyers, acquisition of housing and new construction of housing. Funding may also be used for other necessary and reasonable activities related to the development of non-luxury housing, such as site acquisition, site improvements, demolition and relocation. Ten percent of a participating jurisdiction's allocation may be used for administrative costs. Funds may not be used for public housing modernization, matching funds for other Federal programs, reserve accounts or operating subsidies for rental housing, Annual Contributions Contracts, or activities under the Low Income Housing Preservation Act except for priority purchasers.
What are the requirements after being awarded this opportunity?
Records which enable HUD to determine whether the participating jurisdiction has met the requirements of the program must be kept for the most recent five year period. Those records required to document the period of affordability must be maintained for five years beyond the required period.
Other Assistance Considerations
Formula and Matching Requirements
Statutory Formula: Title HOME Investment Partnership Program Chapter 24 Part 92 Subpart A-M HOME Investment Partnership Program
Matching is mandatory. 25%.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Grant funds are drawn down from the U. S. Treasury based upon individual project development progress. The HOME program uses an electronic fund transfer disbursement and information system. Once drawn down, funds must be expended within fifteen days. All funds must be expended within 5 years. Method of awarding/releasing assistance: Lump.
Who do I contact about this opportunity?
Regional or Local Office
Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.
451 7th Street SW, room 7164
Washington, DC 20410 US
(Formula Grants) FY 18$1,362,000,000.00; FY 19 est $1,253,490,011.00; FY 20 est $0.00; FY 17$950,000,000.00; -
Range and Average of Financial Assistance
$186,048 to $69,126,329; $1,955,523 average.
Regulations, Guidelines and Literature
24 CFR Part 92.
Examples of Funded Projects