Financing Rental Housing under the HOME Program
HUD-1794-CPD, January 2000
Approximately one-third of the households in the United States live in rented dwellings.
An even greater number of low-income families rent their homes instead of owning them.
The HOME Investment Partnerships (HOME) Program offers a tool for communities to expand and improve the supply of affordable, decent, and safe rental housing for low-income households.
Since HOME funding began flowing into rental projects in 1992, the program has become a key component of affordable rental housing development and finance.
Because the program is flexible and offers a wide range of project financing options, participating jurisdiction staff will need to have an understanding of four major concepts in order to successfully implement HOME-funded rental housing projects.
These concepts are:
|Content Archived: May 20, 2011|