PURPOSE: THE HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) PROVIDES NEED-BASED FORMULA GRANTS TO STATES AND LOCAL GOVERNMENTS THAT ARE USED TO FUND ACTIVITIES INCLUDING BUILDING, BUYING, AND/OR REHABILITATING AFFORDABLE HOUSING FOR RENT OR HOMEOWNERSHIP OR PROVIDING DIRECT RENTAL ASSISTANCE TO LOW-INCOME PEOPLE. THE HOME PROGRAM WAS ESTABLISHED IN 1990 THROUGH TITLE II OF THE CRANSTON-GONZALEZ NATIONAL AFFORDABLE HOUSING ACT (NAHA). SINCE ITS INCEPTION, THE HOME PROGRAM HAS DISTRIBUTED MORE THAN $41BILLION TO CREATE OVER 1,388,000 UNITS OF AFFORDABLE HOUSING AND PROVIDE TENANT BASED RENTAL ASSISTANCE TO MORE THAN 422,000 HOUSEHOLDS THROUGHOUT THE NATION. HOME FUNDS ARE APPROPRIATED ANNUALLY TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), WHICH IN TURN DISTRIBUTES THE FUNDS TO STATES AND LOCAL GOVERNMENTS THAT QUALIFY AS PARTICIPATING JURISDICTIONS. FORTY PERCENT OF HOME FUNDS ARE ALLOCATED TO STATES AND 60 PERCENT ARE ALLOCATED TO LOCALITIES. CURRENT HOME AWARDS AND ALLOCATIONS

Summary

PURPOSE: THE HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) PROVIDES NEED-BASED FORMULA GRANTS TO STATES AND LOCAL GOVERNMENTS THAT ARE USED TO FUND ACTIVITIES INCLUDING BUILDING, BUYING, AND/OR REHABILITATING AFFORDABLE HOUSING FOR RENT OR HOMEOWNERSHIP OR PROVIDING DIRECT RENTAL ASSISTANCE TO LOW-INCOME PEOPLE. THE HOME PROGRAM WAS ESTABLISHED IN 1990 THROUGH TITLE II OF THE CRANSTON-GONZALEZ NATIONAL AFFORDABLE HOUSING ACT (NAHA). SINCE ITS INCEPTION, THE HOME PROGRAM HAS DISTRIBUTED MORE THAN $41BILLION TO CREATE OVER 1,388,000 UNITS OF AFFORDABLE HOUSING AND PROVIDE TENANT BASED RENTAL ASSISTANCE TO MORE THAN 422,000 HOUSEHOLDS THROUGHOUT THE NATION. HOME FUNDS ARE APPROPRIATED ANNUALLY TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), WHICH IN TURN DISTRIBUTES THE FUNDS TO STATES AND LOCAL GOVERNMENTS THAT QUALIFY AS PARTICIPATING JURISDICTIONS. FORTY PERCENT OF HOME FUNDS ARE ALLOCATED TO STATES AND 60 PERCENT ARE ALLOCATED TO LOCALITIES. CURRENT HOME AWARDS AND ALLOCATIONS