What is the HUD HOME grant program?

Under the HOME program, HUD provides grants to States and localities that communities use—often in partnership with local nonprofit groups—to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people.

Borrowers can find more information about these grants at the following HUD website: https://www.hud.gov/program_offices/comm_planning/affordablehousing/programs/home/

Borrowers should also contact their State housing agency or your local government's housing agency for information about how they are using HUD HOME funds and the programs for which you might qualify.

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-04639