HOME Program

Notice: The HOME Investment Partnership Program is now allocated on an annual cycle. All Notice of Intent (NOI) to apply for FY25 HOME funds was due on August 25th, 2023 at 4:30 PM. The application for the FY25 funding cycle was due on September 29th, 2023 at 4:30 PM. Application submissions for FY25 are currently closed and submitted applications are under review by staff.

Technical Assistance Video for ZoomGrants Applications

What is the HOME Investment Partnerships Program?

HOME stands for Home Investment Partnerships Program. HOME is a formula grant that the U.S. Department of Housing and Urban Development (HUD) awards to states and local governments to provide funding for affordable housing activities that benefit low-income households. These funds are then distributed to community organizations that meet all the eligible criteria required (as set by HUD). 

The HOME program began in the 1980’s when members of congress were looking at solving problems related to homelessness, the decreased opportunity for home ownership, and the availability and quality of affordable housing. 

A Housing Task Force was assembled to study the affordable housing problems, and their findings led to congress passing The Cranston-Gonzalez National Affordable Housing Act (known as NAHA). The HOME Investment Partnership Program was a result of this legislation.

HOME's goal is to empower communities and individuals to create strategies to meet their own affordable housing needs and priorities.

FY25 HOME Request for Applications Meeting

Who Gets HOME Funds?

Fund Allocation

HUD distributes funds yearly to participating states and localities. The amount given to each state or locality can change each time it’s awarded. Typically, 40% of the HOME funds are allocated to states and 60% are allocated to localities. 

When deciding what the funding amount, HUD takes six factors into consideration. Some of these factors include 

  • The number of units in a jurisdiction, that are substandard or unaffordable;
  • The age of a jurisdiction’s housing; 
  • and the number of families living below the poverty line in the jurisdiction.

Consolidated Plan Goals FY21-25

All projects submitted for HOME funds must meet the goals outlined in Athens Clarke County’s Consolidated Plan and all housing units must benefit households with income at or below 80% of the area median income. HOME funding is being utilized to assist with the following goal:

1. Affordable Housing Development & Redevelopment: To increase the amount of affordable housing for low and moderate income Athens-Clarke County residents and to provide access to services that help households access and maintain affordable housing.

How will HCD use the Funds?

HCD will use 10% of the annual HOME allocation for administration of the program. 

The remaining funds will be available to recipients on an annual funding cycle as gap financing for eligible housing activities under this Action Plan.