Since HOME was created, it has committed to producing more than half a million affordable homes for low-income families, while providing tenant-based rental assistance
to more than 68,000 households.
* Post-1960 properties occupied by young children receiving only tenant-based rental assistance
will have a twelve month transition assistance period; and
Eligible activities include tenant-based rental assistance
, acquisition and rehabilitation of affordable rental and ownership housing, and construction of housing.
HOME is designed to create partnerships amool federal, state and local governments as well as their for-profitkand non-profitkpartners to respond to diverse local housiol needs tsrough moderate and substantial rehabilitation, new construction, tenant-based rental assistance
, and other related activities.
For example, for a three tiered match based on the activity undertaken, i.e., 50 percent for new construction, substantial rehabilitation 33 percent, and for tenant-based rental assistance
and moderate rehabilitation 25 percent.