HOME Investment Partnership Program (HOME)
Overview
The Pennsylvania HOME Program is a federally funded program that provides municipalities with grant and loan assistance to expand and preserve the supply of decent and affordable housing for low- and very low-income Pennsylvanians. HOME funds can be used in a variety of ways to address critical housing needs in the Commonwealth, including market-oriented approaches that offer opportunities such as homeownership or rental activities to revitalize communities with new investment. HOME Program funds are provided to DCED from the U.S. Department of Housing and Urban Development (HUD) through the annual entitlement appropriation process.
Uses
New construction and rehabilitation of housing units for affordable rental or homeownership opportunities; rehabilitation of owner-occupied dwelling units, assistance to first-time homebuyers, including acquisition and rehabilitation assistance; assistance to Community Housing Development Organizations (CHDO) engaged in eligible CHDO rental or homeownership projects. All eligible uses must benefit very low-, low- and/or moderate-income households.
Funding
- Maximum funding availability varies by HOME eligible activity.
- Applicants seeking Existing Owner-Occupied Housing Rehabilitation and Homebuyer activities funding will be limited to a maximum of $500,000 as a town, borough or township. Cities and county applicants are limited to $750,000.
- Applicants seeking rental housing and homebuyer – new construction activities will be limited to a maximum funding request of the per unit subsidy limits for the Metropolitan Statistical Area for the proposed activity.
- All applicants must demonstrate matching contributions equal to 25% or greater for ALL HOME rental housing projects. Eligible match contributions may include cash contributions from non-federal sources, value of donated property, forbearance of fees, cost of on-site infrastructure improvements directly required for the HOME-assisted project and other eligible sources more specifically detailed in 24 CFR 92.220.
Eligibility
Units of Local government on behalf of private, non-profit and for-profit housing development entities. HOME participating jurisdictions (PJ’s) may also apply under certain criteria (Review Application Guidelines).
Terms
A 25% local match on project costs from non-federal resources for rental housing is required. Refer to the Program Guidelines.
All successful applicants will be required to comply with applicable federal cross-cutting requirements, including, but not limited to Anti-displacement/Relocation, Fair Housing, Environmental Review and other outlined in the application guidelines.
Additional Information
HOME Fact Sheet
Phoenix Court Apartments HOME Case Study