HOME Investment Partnership Program

The HOME Investment Partnership Program (HOME), funded by US Department of Housing and Urban Development (US HUD), provides formula grants to states and localities to fund activities that build, buy, and/or rehabilitate affordable housing. Low income households rent or purchase these homes; HOME may also provide families with direct rental assistance. Participating jurisdictions are required to match every dollar received with 25 cents in funding and determine how to allocate funds; they also often partner with local non-profits (US HUD-HOME, Mickelson 2015).

Expected Beneficial Outcomes (Rated)

  • Increased access to affordable housing

  • Increased access to quality housing

Other Potential Beneficial Outcomes

  • Increased homeownership

  • Increased neighborhood choice

Evidence of Effectiveness

The HOME Investment Partnership Program is a suggested strategy to increase access to affordable, quality housing for low income households (US HUD-HOMEMickelson 2015, US HUD-Herbert 2001). Available evidence suggests that HOME can increase home ownership, long-term affordability, and neighborhood choice for participating households (US HUD-Turnham 2004, US HUD-Carr 2008). The HOME program may also generate and support jobs rehabilitating homes (Mickelson 2015). Additional evidence is needed to confirm effects.

The HOME Program can also provide direct rental assistance to low income families. When implemented in this way, the program helps families relocate to safer neighborhoods and reduces their exposure to crime (CG-Rental assistance). 

Impact on Disparities

Likely to decrease disparities

Implementation Examples

The HOME Investment Partnership Program is active in all 50 states (US HUD-HOME). Each state selects an agency to coordinate the program and manage funds from the US Department of Housing and Urban Development (US HUD); examples include the Colorado Department of Local Affairs, the Montana Department of Commerce, and the Kentucky Housing Corporation (CDOLA-HOME, MDOC-HOME, KHC-HOME). County level agencies, such as New Jersey’s Ocean County Department of Planning and Pennsylvania’s Montgomery County Department of Housing and Community Development, can also administer programs (OCDP-HOME, Montgomery PA-HOME). Cities may also manage programs. The HOME program in Aurora, Illinois, part of the city’s Division of Neighborhood Redevelopment, for example, receives $750,000 annually from US HUD; in conjunction with the city’s Community Development Block Grant (CDBG) program, it funded urgent upgrades to 63 housing units (Aurora-HOME).

Implementation Resources

US HUD-203k - US Department of Housing and Urban Development (US HUD). 203(k) rehabilitation mortgage insurance.

US HUD-HOME resources - US Department of Housing and Urban Development (US HUD), HUD Exchange. HOME Investment Partnerships Program resources page.

LHS - Local Housing Solutions (LHS). To enhance local affordability and foster inclusive communities. New York University Furman Center and Abt Associates, Inc.

NLIHC-HOME - National Low Income Housing Coalition (NLIHC). HOME Investment Partnerships Program: An important resource for the development of low income housing.

Citations - Evidence

* Journal subscription may be required for access.

US HUD-Turnham 2004 - Turnham J, Herbert C, Nolden S, Feins J, Bonjorni J. Study of homebuyer activity through the HOME Investment Partnerships Program. Washington, DC: US Department of Housing and Urban Development (US HUD); 2004.

US HUD-HOME - US Department of Housing and Urban Development (US HUD). HOME investment partnerships program.

CG-Rental assistance - The Guide to Community Preventive Services (The Community Guide). Health Equity: Tenant-based rental assistance programs.

Anderson 2003* - Anderson LM, St. Charles J, Fullilove MT, et al. Providing affordable family housing and reducing residential segregation by income. American Journal of Preventive Medicine. 2003;24(3S):47–67.

Mickelson 2015 - Mickelson S. The HOME Investment Partnership Program's impact on America's families and communities. Enterprise Resource Center and the HOME Coalition. 2015.

US HUD-Herbert 2001 - Herbert C, Bonjorni J, Finkel M, et al. Study of the ongoing affordability of HOME program rents. Abt Associates, Inc. for US Department of Housing and Urban Development (US HUD). 2001.

US HUD-Carr 2008 - Carr K, Herbert C, Lam K, et al. Rates of Foreclosure in HOME and ADDI Programs. US Department of Housing and Urban Development (US HUD). 2008.

Citations - Implementation Examples

* Journal subscription may be required for access.

US HUD-HOME - US Department of Housing and Urban Development (US HUD). HOME investment partnerships program.

CDOLA-HOME - Colorado Department of Local Affairs (CDOLA). HOME Investment Partnership Program.

MDOC-HOME - Montana Department of Commerce (MDOC): Community Development Division. HOME Investment Partnership Program.

OCDP-HOME - Ocean County Department of Planning (OCDP). HOME Investment Partnership Program. Ocean County, New Jersey. Information on first-time homebuyers program, rental housing production through Community Housing Development Organizations (CHDOs), owner-occupied housing rehabilitation, and tenant-based rental assistance.

Montgomery PA-HOME - HOME Investment Partnership Program. Housing & Community Development, Department of Health and Human Services. Montgomery County, PA.

Aurora-HOME - City of Aurora, IL. HOME Investment Partnership Program.

KHC-HOME - Kentucky Housing Corporation (KHC). HOME Investment Partnerships (HOME) Program.

Date Last Updated

Mar 20, 2019