Home Investment Partnership Program (HOME)

The HOME Program, established under the National Affordable Housing Act, provides funding to help communities expand and preserve affordable housing and address local housing needs, such as:

• constructing or rehabilitating housing
• supporting homeownership opportunities
• offering rental assistance to low-income residents

Funding

The Neighborhood and Housing Services Department's Grants Monitoring and Administration Division is responsible for the HOME Investment Partnership Program. The federal government establishes annual funding levels through congressional actions. U.S. Department of Housing and Urban Development (HUD) in turn awards entitlement communities through a pre-established formula based on the approved congressional budget/continuing resolution. Annual funding levels vary from year to year.

Every five years, the City of San Antonio is required to establish a Five-Year Consolidated Plan on how to effectively utilize future federal community development funding. Subsequently, the City also creates an Annual Action Plan based on meeting the goals of the Five-Year Consolidated Plan and the City’s Strategic Plan for Community Development.

Eligible Activities

HOME eligible activities may include:

• Acquire property.
• Construct new housing for rent or homeownership.
• Rehabilitate rental or owner-occupied housing.
• Improve sites for HOME-assisted development or demolish dilapidated housing on such sites.
• Pay relocation costs for households displaced by HOME activities.
• Provide financing assistance to low-income homeowners and new homebuyers for home purchase or rehabilitation.
• Provide tenant-based rental assistance or help with security deposits to low-income renters.
• HOME program planning and administration expenses.