The HOME Investment Partnerships Program (HOME) is authorized under Title II of the Cranston-Gonzalez National Affordable Housing Act, as amended. The HOME Program regulations are at 24 CFR Part 92 and can be accessed on HUD's website.
The U.S. Department of Housing and Urban Development (HUD) allocates funds by formula among eligible state and local governments to strengthen public-private partnerships and to expand the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing, for very low-income and low-income families. Generally, HOME funds must be matched by nonfederal resources. The state and local governments eligible for the funds are called participating jurisdictions. A participating jurisdiction may use HOME funds to carry out multi-year housing strategies through acquisition, rehabilitation, and new construction of housing, and tenant-based rental assistance. Participating jurisdictions may provide assistance in a number of eligible forms, including loans, advances, equity investments, interest subsidies and other forms of investment that HUD approves.
The Hennepin Housing Consortium ("the Consortium") is the participating jurisdiction that receives HOME funds for suburban Hennepin County. Hennepin County administers the HOME Program on behalf of the Consortium. Annually, the Consortium issues a Request for Proposals (RFP) for the funds it will receive from HUD through the HOME Program. Eligible applicants include governmental agencies, nonprofit and for-profit entities. Consortium staff reviews all funding proposals. The proposals are then forwarded to a selection committee to formulate recommendations. The Hennepin County Consortium Consolidated Plan identifies priority activities that create, provide and preserve affordable housing on a long-term basis for very low and low-income families and individuals, homeless families and individuals and persons with special needs.
Housing, Community Works and Transit and Human Services and Public Health Departments issue an annual Consolidated Request for Proposals (CRFP) to provide a centralized source of development assistance.
The 2013 HOME Program RFP and application materials are available below for reference:
Information on previously funded projects can be found in the Consolidated Action Plan.
Information on currently funded projects with HOME can be found in the annual Consolidated Action Plan. Information on recently completed projects can be found in the Consolidated Annual Performance and Evaluation Reports (CAPER).
The Consortium must ensure compliance with the HOME Regulations. The HOME Program has specific limits for rental and ownership programs. In addition, all projects funded must meet the Hennepin Housing Consortium and Rehabilitation Standards (the Standards). In addition to the Standards, the Consortium strongly encourages and gives points in the selection of projects, the use of Universal and Sustainable Design elements, can use or meet the Energy Star Standards and the adopted Minnesota Green Criteria.
HOME-funded homeownership projects must ensure compliance with either a resale or recapture provision for the required term of affordability. The period of affordability is typically based on the amount of funds provided to each property in the project.
The Consortium created a Rental Compliance Guide for projects assisted with HOME funding. The purpose of the guide is to:
The following forms are part of the Rental Compliance Guide:
Rental projects funded will be reported to HousingLink for listing in their H-list. HousingLink is a one-stop shop for information on affordable units in the Twin Cities area.
Questions may be directed to HOME staff at 612-348-2599.
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