HOME Investment Partnerships Program
The HOME Investment Partnerships Program (HOME) provides formula grants to States and localities that communities use - often in partnership with local nonprofit groups - to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. HOME is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.
To be eligible for HOME funds, local non-profit organizations must conduct activities that build or rehabilitate affordable housing for rent or homeownership or provide direct rental or homeownership assistance to low-to-moderate income individuals (those whose total, annual, gross household income is at or below 80% of the Area Median Income). Projects located within Barberton and Cuyahoga Falls, are not eligible. Projects located in the City of Akron must also receive HOME funds from the City of the same project.