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HOME Investment Partnership Program

The City of Columbia's HOME Investment Partnership (HOME) Program provides funding that communities use, often in partnership with local nonprofit groups, to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance. The HOME program helps to expand the supply of decent, affordable housing for low and very low income families within the City.

     

Purpose

HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low income households.

HOME funds are awarded annually as formula grants to participating jurisdictions (PJs). The program was designed to reinforce several important values and principles of community development: 24 CFR Part 92

 

  • HOME's flexibility empowers people and communities to design and implement strategies tailored to their own needs and priorities.
  • HOME's emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector in the development of affordable housing.
  • HOME's technical assistance activities and set-aside for qualified community based nonprofit housing groups builds the capacity of these partners.
  • HOME's requirement that participating jurisdictions (PJs) match 25 cents of every dollar in program funds mobilizes community resources in support of affordable housing.

 

HUD establishes HOME Investment Trust Funds for each grantee, providing a line of credit that the jurisdiction may draw upon as needed. The program's flexibility allows states and local governments to use HOME funds for grants, direct loans, loan guarantees or other forms of credit enhancement, or rental assistance or security deposits.

 

To learn more about the HOME Program visit HUD's website at www.hud.gov/offices/cpd/affordablehousing/programs/home/

 

 

Physical Address:
Community Development Department
1225 Lady Street, Suite 102
Columbia, South Carolina 29201
Phone: (803) 545-3373 Fax: (803) 255-8912
 
Mailing Address:
P.O. Box 147
Columbia, South Carolina 29217
 
Hours of Operation:
Monday - Friday
8:30 am - 5:00 pm

 

 

 

 
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