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.

Active 14.239 Assistant Secretary For Community Planning and Development, Department of Housing and Urban Development A - Formula Grants Not applicable. National Affordable Housing Act 1990, Title II, Public Law 101-625, 42 U.S.C. 12703 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. Not applicable. 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, 2022 to August 16, 2023 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. From 30 to 60 days. HUD will review for completeness and consistency with the purposes of the Act, within 45 days of receipt from a jurisdiction. Not applicable. Every fifth year, localities submit a Consolidated Plan. Each year jurisdictions must submit an action plan and certifications. The grantee's Consolidated Plan and Annual Action Plan are reviewed according to the criteria set forth in 24 CFR 91. 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. the American Rescue Plan Act of 2021 provides an additional $4.925 billion to be allocated by the HOME formula to meet the needs of those homeless or at risk of homelessness, the development of affordable housing, tenant based rental assistance, supportive services and acquisition and development of non-congregate shelter units. 15 percent of these funds may be used for administrative costs. Not applicable. Not applicable. 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. 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. 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. Contact appropriate HUD Field Office listed in Appendix IV of the Catalog. Peter Huber
451 7th Street SW, room 7164
Washington, DC 20410 US
Peter.H.Huber@hud.gov
Phone: 202-708-2684
Fax: 202-708-1744 http://www.hud.gov/homeprogram/ 86-0205-0-1-604 (Formula Grants) FY 22$1,134,234,237.00; FY 23 est $1,734,542,828.00; FY 24 est $1,732,290,960.00; FY 21$6,507,652,287.00; FY 20$1,132,705,035.00; FY 19$1,253,490,011.00; FY 18$1,362,000,000.00; FY 17$950,000,000.00; - $229,339 to 80,485,864; 2,276,179 average 24 CFR Part 92. Fiscal Year 2019 Since the inception of the program in 1992, 1.3 million housing units for new homebuyers, owner -occupied rehabilitation and new and rehabilitated rental units have been produced for low and moderate income families.