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Financing Rental Housing under the HOME Program
HUD-1794-CPD, January 2000Approximately 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:
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Content Archived: May 20, 2011 | |
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