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(Created page with "{{Program |ProgramName=HOME Investment Partnerships Program |ProgramType=Program |OrgSponsor=Office of Community Planning and Development |TopOrganization=Department of Housing and Urban Development |CreationLegislation=National Affordable Housing Act of 1990 (Public Law 101-625) |Purpose=The HOME Investment Partnerships Program, administered by the U.S. Department of Housing and Urban Development (HUD) through its Office of Community Planning and Development, provides f...") |
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}} | }}The '''HOME Investment Partnerships Program''', established in 1992 under the National Affordable Housing Act of 1990, is administered by the Department of Housing and Urban Development (HUD) through its Office of Community Planning and Development to provide formula grants to participating jurisdictions (PJs), allocating over $30 billion since inception to support approximately 1.2 million housing units annually by 2025. Initially funded with $1.5 billion, it has grown to distribute $1.5 billion in FY 2024 across 600 awards, funding initiatives like new construction, rehabilitation, and tenant-based rental assistance for low-income families and individuals.<ref>{{cite web |url=https://www.hud.gov/program_offices/comm_planning/home |title=HOME Investment Partnerships Program |publisher=U.S. Department of Housing and Urban Development}}</ref> Despite its impact, challenges like funding constraints, matching requirements, and regional disparities persist (web ID: 0), but it remains a cornerstone of HUD’s affordable housing efforts. | ||
The '''HOME Investment Partnerships Program''', established in 1992 under the National Affordable Housing Act of 1990, is administered by the Department of Housing and Urban Development (HUD) through its Office of Community Planning and Development to provide formula grants to participating jurisdictions (PJs), allocating over $30 billion since inception to support approximately 1.2 million housing units annually by 2025. Initially funded with $1.5 billion, it has grown to distribute $1.5 billion in FY 2024 across 600 awards, funding initiatives like new construction, rehabilitation, and tenant-based rental assistance for low-income families and individuals.<ref>{{cite web |url=https://www.hud.gov/program_offices/comm_planning/home |title=HOME Investment Partnerships Program |publisher=U.S. Department of Housing and Urban Development}}</ref> Despite its impact, challenges like funding constraints, matching requirements, and regional disparities persist (web ID: 0), but it remains a cornerstone of HUD’s affordable housing efforts. | |||
{{Official URL (simple)|url=https://www.hud.gov/program_offices/comm_planning/home}} | {{Official URL (simple)|url=https://www.hud.gov/program_offices/comm_planning/home}} |
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