HOME Investment Partnerships program

Stored: HOME Investment Partnerships Program

HOME Investment Partnerships Program

Type	Program
Sponsor Organization	Office of Community Planning and Development
Top Organization	Department of Housing and Urban Development
Creation Legislation	Cranston-Gonzalez National Affordable Housing Act of 1990
Website	Website
Purpose	The HOME Investment Partnerships Program provides formula grants to states and localities to create affordable housing for low-income households. It aims to expand housing opportunities and strengthen public-private partnerships through flexible funding mechanisms.
Program Start	1992
Initial Funding	$1.5 billion
Duration	Ongoing
Historic	No

HOME Investment Partnerships Program (HOME) is a Department of Housing and Urban Development initiative administered by the Office of Community Planning and Development that annually distributes formula grants to over 600 participating jurisdictions (PJs) across the United States, funding the construction, purchase, and rehabilitation of affordable housing for rent or ownership and providing tenant-based rental assistance, supporting over 1.3 million low-income households since 1992 as of 2025. Authorized as the largest federal block grant exclusively for affordable housing, it completed 6,848 rental units and assisted 13,016 households with rental aid in FY 2023, leveraging a 25% local match requirement and partnerships with nonprofits like Community Housing Development Organizations (CHDOs) to enhance housing access and community development, with flexibility adapting to local needs amidst ongoing regulatory updates paused by a Trump administration directive in 2025.

Official Site

Goals

• Expand the supply of affordable housing for low-income households through flexible grants.
• Strengthen public-private partnerships to support housing development and rental assistance.
• Enhance community capacity and resilience with tailored housing solutions.

Organization

The HOME Investment Partnerships Program is sponsored by HUD’s Office of Community Planning and Development, operating through a network of over 600 participating jurisdictions (PJs)—states, localities, and consortia—under the Department of Housing and Urban Development. Funding comes from Congressional appropriations, with FY 2025 allocations supporting grants, loans, and assistance, managed by PJs and tracked via the Integrated Disbursement and Information System (IDIS), with a staff overseeing compliance with 24 CFR Part 92 and a 25% local match requirement.

The leader at the Department of Housing and Urban Development level is the Assistant Secretary for Community Planning and Development, currently Marion McFadden (as of February 20, 2025).

History

The HOME Investment Partnerships Program was established under Title II of the Cranston-Gonzalez National Affordable Housing Act of 1990, signed into law on November 28, 1990, by President George H.W. Bush, launching operations in 1992 to address affordable housing shortages. It evolved with the 2013 Final Rule updating regulations, a 2023 appropriation of $1.5 billion, and a proposed 2024 rule paused in 2025 by a Trump administration directive (effective April 20), maintaining its role as a flexible block grant amidst debates over funding cuts from a $1.8 billion peak in FY 2010.

Funding

Initial funding in 1992 was $1.5 billion from Congressional appropriations, establishing HOME Investment Trust Funds for PJs. Funding began in 1992 and continues, with FY 2023 at $1.5 billion supporting over 11,000 housing units and 13,000 rental assistance households, requiring a 25% non-federal match, with no end date as appropriations sustain operations despite fluctuations (e.g., $950 million in FY 2016).

Implementation

The program is implemented through annual formula grants to PJs, who draw funds from HOME Investment Trust Funds via IDIS for activities like housing construction, rehabilitation, and rental assistance, adhering to 24 CFR Part 92. It operates continuously with no end date, requiring PJs to commit funds within 24 months and expend them within 5 years, adapting in 2025 to regulatory pauses while supporting over 245,000 rental units in affordability periods.

Related

• Community Development Block Grant
• Section 8 Housing Choice Voucher Program
• Low-Income Housing Tax Credit

External links

• https://www.hud.gov/program_offices/comm_planning/home
• https://www.hudexchange.info/programs/home/ - HUD Exchange HOME Overview
• https://www.federalregister.gov/documents/2025/01/06/2024-30598/home-investment-partnerships-program-program-updates-and-streamlining - 2025 Final Rule
• wikipedia:HOME Investment Partnerships Program

Social media

• https://twitter.com/HUDgov
• https://www.facebook.com/HUD