HOME Investment Partnerships Program
The HOME Investment Partnership program, most commonly known as HOME, is granted to states and localities that communities use-often in partnership with local groups-to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or home ownership or provide direct rental assistance to low-income people. It is currently the largest federal block grant.
You can seek HOME assistance for your project by checking with the State Housing Agency under which jurisdiction the property falls, or for larger cities, seek out the local Housing and Economic Development office.
Note that these funds come with rent restrictions and will require long term compliance with federal regulations. Make sure you have qualified staff who understand these programs managing your property or seek advice from a housing professional.
As a real estate investor or developer, you can use the HOME program to fill gaps in your pro-forma, acquire properties, and rehab properties.
To find out more about how you can use HOME and other government programs for your deals, pick up a copy of Government Deal Funding for Real Estate Investors and Developers.
You can seek HOME assistance for your project by checking with the State Housing Agency under which jurisdiction the property falls, or for larger cities, seek out the local Housing and Economic Development office.
Note that these funds come with rent restrictions and will require long term compliance with federal regulations. Make sure you have qualified staff who understand these programs managing your property or seek advice from a housing professional.
As a real estate investor or developer, you can use the HOME program to fill gaps in your pro-forma, acquire properties, and rehab properties.
To find out more about how you can use HOME and other government programs for your deals, pick up a copy of Government Deal Funding for Real Estate Investors and Developers.
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