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Home Program
Home Investment Partnership Act (Home) Program
The
Department of Housing and Urban Development (HUD) allocates HOME funds by
formula to eligible state and local governments, including the City of Inglewood
to strengthen public-private partnerships to provide more affordable housing.
Fifteen percent (15%) of HOME funds must be allocated to a Community Housing
Development Organization (CHDO).
The City utilizes the remaining eighty-five percent (85%) of HOME funds to
expand the supply of decent, safe, sanitary, and affordable housing to very-low
to moderate-income persons. This is accomplished through implementation of
housing programs and projects that provide assistance in the form of grants and
deferred loans.
HOME Program Eligible Costs and Activities are:
- Program Administration
- New Housing Construction
- Housing Rehabilitation
- Home Mortgage/Purchase Assistance
- Short Term Rental Assistance
Note:
Federal funds may not be used for the construction of governmental building,
political activities and religious activities.
Typical uses of HOME funds include:
- First-time
Homebuyers Program
- Housing
Rehabilitation/Home Improvement Programs
- Tenant-based Rental
Assistance Program
- Community
Housing Development Organizations (CHDO's)
For more information on HOME Programs or
funding, please call CDBG staff at (310) 412-8800.
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