Home Investment Partnership Program

What is Home Investment Partnerships Program (HOME)?

Home Investment Partnerships Program (HOME) is a federal grant program through Housing and Urban Development (HUD) providing grant funds on a reimbursable basis 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 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.gov

 

2020-2021 Funding Recommendations

2020-2021 Program

         Recommended Funding 2020-2021      

Community Housing Coalition Madison County – Rural Rehabilitation   $150,000
Asheville Buncombe Community Land Trust – Home  & Lot Purchase $261,963
WDT Development – The Villas at Swannanoa $840,000
Housing Assistance Corporation (HAC) – Transylvania Rehabilitation  $62,000
Housing Authority of the City of Asheville – TBRA Resident Mobility $95,000
Homeward Bound of Western North Carolina – TBRA Asheville  $80,000
Homeward Bound of Western North Carolina – TBRA Buncombe  $100,000
Eliada Homes – Homeless Services Program  $18,750
City of Asheville- Program Administration  $159,952

FY 2020-2021 Resolution

 

 

2019-2020 Funding Recommendations

2019-2020 Program

         Recommended Funding 2019-2020      

Homeward Bound of Western North Carolina – 296 Short Michigan PSH Rehab Project $330,000
Homeward Bound of Western North Carolina – HOME Diversion $20,000
Housing Assistance Corporation – Cottages at Oklawaha $218,250
Vision Properties, LLC – Renison Heights Garage Apartments $20,000
Workforce Homestead – Jasper $400,000
Homeward Bound – TBRA Resident Mobility $50,000
Henderson County Habitat for Humanity – Dodd Meadows Phase 6 $106,203
City of Asheville- Program Administration  $124,869

FY 2019 – 2020 Resolution 

 

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. A link to the current fiscal year Action Plan is provided here as well as a list of current HOME projects.

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.  A link to the CAPER is provided here.

 

How does my agency apply for HOME?

 

Each year a CDBG and HOME application workshop is held in December. Prospective applicants are strongly encouraged to attend. The exact workshop date and time are announced in the City’s Funding Programs webpage. Application and presentation materials from last year’s application process can also be viewed from the Funding Programs page.

Applications for this years CDBG and HOME grant funds will be posted to the Funding Programs webpage in early December. Applications are typically due in early February.

 

Federal Compliance Requirements

Activities using HOME funds must meet a number of federal standards. HUD has produced a toolkit as a resource tool that will allow grantees to find information on financial management, environmental review, labor standards, acquisition, relocation and fair housing.

Specific information about each federal requirement can be found by clicking on each link provided below:


Contact

If you would like to receive email notifications of upcoming grant deadlines and the Asheville Regional Housing Consortium Board meetings, please contact:

Christina Harris
charris@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.

 


Updated - 8/12/2021

 

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