Home Investment Partnership Program Last updated or reviewed on February 24, 2026 What is the Home Investment Partnerships Program (HOME)? The HOME Investment Partnerships Program (HOME) is a federal grant program through the Department of Housing and Urban Development (HUD) providing grant funds to provide decent affordable housing to low-income households, expand the capacity of non-profit housing providers, strengthen the ability of state and local governments to provide housing, and leverage private-sector participation. HOME funding can be used for a wide range of activities including: New construction Rehabilitation Down payment assistance Rental assistance Site improvements Acquisition of property Relocation costs Project related soft costs Activities of Community Development Housing Organizations (CHDOs) Program administration, planning, capacity building (up to 15% of the budget) For more information about the program visit HUD’s HOME Program Webpage. How do these grants make a difference in our area? The HOME program serves the four county consortium of Buncombe, Henderson, Transylvania and Madison Counties. The City of Asheville is the lead entity for the consortium and administers the HOME funds in the area. The City receives about $1.5 million each year. Much of this is sub-granted to non-profit agencies to increase the stock of safe, decent, affordable housing in our area. The City awards HOME funds based on housing needs from a Housing Needs Assessment which is used to form a Five-Year Consolidated Plan for housing priorities. After the funding cycle each year, the current funded projects from all of our funding programs along with their descriptions and expected outcomes are published for each fiscal year in our Action Plan. Each fiscal year, HUD requires that a Consolidated Annual Performance and Evaluation Report (CAPER) be published to show the progress of active projects as well as the outcomes in the previous fiscal year. This is a public accounting of the Federal Funds at work to show what has been accomplished in our area. How does my agency apply for HOME? Applications for HOME Investment Partnerships Program (HOME) Grants are typically open in November, with funding recommendations made by the Asheville Regional Housing Consortium (ARHC) in January. The application period for 2025-2026 HOME funding is now closed. Federal Compliance Requirements Activities using HOME funds must meet a number of federal standards such as: Environmental Review Labor Standards (Davis Bacon and Section 3) Equal Opportunity Accessibility for Disabled People Record-keeping and Reporting Acquisition and Relocation Regulations Lead-Based Paint Elimination Income Verification and Documentation Financial Assistance or Housing Client Public Service Client Avoiding Conflicts of Interest Purchasing Standards Contact If you would like to receive email notifications of upcoming grant deadlines and the Asheville Regional Housing Consortium Board meetings, please contact us at CommunityDevelopment@ashevillenc.gov. If you are looking for affordable housing, suffering a housing crisis, in need of rental assistance or down payment assistance, or you have concerns about our homeless community, please call 211. The service is free, confidential and available in any language.
