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Rental Housing

Rental Housing

HOME funds are available for acquisition, rehabilitation, conversion, and new construction of rental housing serving persons at or below 80% of the area median income. Applicants who require HOME funds in combination with a Low Income Housing Tax Credit (LIHTC) project may only apply in the LIHTC/HOME round.  Click here for more information.

Eligible Applicants:

  • Nonprofits
  • For-profits
  • Public Housing Authorities
  • Local Governments
  • CHDOs
  • Individuals

For specific information, please click on the links below to review the manuals and applications.


Compliance in HOME Rental Projects: A Guide for Property Owners
 
This guide helps owners of HOME-assisted properties comply with the HOME Program’s ongoing affordability requirements.  It describes the specific regulatory requirements that apply to HOME-assisted rental properties during periods of affordability. It provides tools for owners and property managers—in the form of checklists, forms, and sample documents—to facilitate the day-to-day rental management of HOME-assisted properties. The manual is located at the following web address:    http://www.hud.gov/offices/cpd/affordablehousing/library/modelguides/2009homerentalpo.cfm