Orange County is accepting applications for 2020-21 HOME program funding. HUD’s HOME Investment Partnerships Program (HOME) provides formula grants to states and local communities that (often in partnership with local nonprofit groups) fund a wide range of activities including construction, acquisition, and/or rehabilitating affordable housing for rent or homeownership, or to provide direct rental assistance to low-income people. It is the largest Federal Block Grant to state and local governments designed exclusively to create affordable housing for low-income households. HOME funds are awarded annually as formula grants to participating jurisdictions (PJs). The program’s flexibility allows States and local governments to use HOME funds for grants, direct loans, loan guarantees or other forms of credit enhancements, rental assistance or security deposits.
Orange County’s HOME funding applications are accepted once a year and are reviewed by the Orange County Home Consortium Committee, known as the Local Government Affordable Housing Collaborative. The Collaborative is comprised of staff and elected officials from the Towns of Chapel Hill, Carrboro, Hillsborough, and Orange County. A recommended funding plan is reviewed for approval by each jurisdiction in the Spring of every year.
In general, all projects must benefit persons whose household income is at or below 80% of the Area Median Income (AMI) adjusted for family size. The U.S. Department of Housing & Urban Development’s 2019 HOME Income Limits can be found at: files.hudexchange.info/reports/published/HOME_IncomeLmts_State_NC_2019.pdf
Project Reporting and Monitoring
Subrecipients of HOME funds are required to submit quarterly written progress reports to monitor progress and performance, financial and administrative management, and compliance with the terms of their HOME agreements. Reporting information may include: progress toward achieving performance goals, description of activities/challenges, and revisions of proposed project timelines/budgets.
Subrecipients of HOME funds are also subject to annual monitoring requirements, as specified in their HOME agreements.
Click here to view the scorecard used to assess each application.