HOME Investment Partnership Program
The HOME Investment Partnerships Act (Title II of the Cranston-Gonzalez National Affordable Housing Act) was signed into law November 28, 1990 (Public Law 101-625), and created the HOME Investment Partnerships Program that provides funds to expand the supply of affordable housing for very low-income and low income persons.
HOME funds may be used by a participating jurisdiction to provide incentives to develop and support affordable rental housing and homeownership affordability through the acquisition (including assistance to homebuyers), new construction, reconstruction, or rehabilitation of non-luxury housing with suitable amenities, including real property acquisition, site improvements, conversion, demolition, and other expenses, including financing costs, relocation expenses of any displaced persons, families, businesses, or organizations; to provide tenant-based rental assistance, including security deposits; to provide payment of reasonable administrative and planning costs; and to provide for the payment of operating expenses of community housing development organizations.
Henrico County currently uses HOME funds for Homeownership Assistance and rehabilitation of owner occupied single-family homes.
For questions or technical assistance concerning HOME Program funds please e-mail Scott Carter, Home Program Manager, or phone on (804) 501-7612.