2024 HOME INVESTMENT
PARTNERSHIPS GRANT APPLICATION
Overview
The HOME Investment Partnerships (HOME) Program was created by the National Affordable Housing Act (NAHA) of 1990. It is the largest Federal block grant available to communities to create affordable housing for low to moderate income families. Each year, the U.S. Department of Housing and Urban Development (HUD) determines the amount of HOME funds that states and local governments are eligible to receive using a formula designed to reflect relative housing needs.
The primary objective of the HOME Program is to expand affordable housing options for persons of low and moderate-income by:
- Providing decent affordable housing to low-income residents
- Expanding the capacity of non-profit housing providers
- Strengthening the ability of state and local governments to provide housing
- Leveraging private sector participation.
This funding application is for the period beginning January 1, 2024 through December 31, 2024. Annually, the Cobb County CDBG Program Office requests proposals from local non-profit organizations and government entities to carry out eligible HOME activities in the County. Submission of an application does not guarantee funding. Costs associated with the preparation of this application shall be the responsibility of the Applicant. Applications will become the property of Cobb County.
A Selection Committee will review all applications for compliance with requirements and make funding recommendations to the Cobb County Board of Commissioners (BOC) during November.
Eligible activities for the HOME Program consists of the following:
- Homeowner Rehabilitation (repair, rehabilitation, and reconstruction)
- Homebuyer Activities (acquisition, rehabilitation, new construction, down-payment assistance)
- Rental Housing (acquisition, rehabilitation, new construction)
- Tenant-Based Rental Assistance (monthly rental assistance, security & utility deposits)
2022 HOME Program Income Limits
Effective June 15, 2022
Household Size | Extremely Low 30% | Very Low Income 50% | Moderate Income 60% | Low Income 80% |
1 | $20,250 | $33,750 | $40,500 | $54,000 |
2 | $23,150 | $38,600 | $46,320 | $61,700 |
3 | $26,050 | $43,400 | $52,080 | $69,400 |
4 | $28,900 | $48,200 | $57,840 | $77,100 |
5 | $31,250 | $52,100 | $62,520 | $83,300 |
6 | $33,550 | $55,950 | $67,140 | $89,450 |
7 | $35,850 | $59,800 | $71,760 | $95,650 |
8 | $38,150 | $63,650 | $76,380 | $101,800 |
*Income of all persons living in the household
Source: U. S. Department of Housing and Urban Development (HUD) www.huduser.gov
2024 HOME PROGRAM APPLICATION
2024 HOME INVESTMENT
PARTNERSHIPS GRANT APPLICATION
Overview
The HOME Investment Partnerships (HOME) Program was created by the National Affordable Housing Act (NAHA) of 1990. It is the largest Federal block grant available to communities to create affordable housing for low to moderate income families. Each year, the U.S. Department of Housing and Urban Development (HUD) determines the amount of HOME funds that states and local governments are eligible to receive using a formula designed to reflect relative housing needs.
The primary objective of the HOME Program is to expand affordable housing options for persons of low and moderate-income by:
- Providing decent affordable housing to low-income residents
- Expanding the capacity of non-profit housing providers
- Strengthening the ability of state and local governments to provide housing
- Leveraging private sector participation.
This funding application is for the period beginning January 1, 2024 through December 31, 2024. Annually, the Cobb County CDBG Program Office requests proposals from local non-profit organizations and government entities to carry out eligible HOME activities in the County. Submission of an application does not guarantee funding. Costs associated with the preparation of this application shall be the responsibility of the Applicant. Applications will become the property of Cobb County.
A Selection Committee will review all applications for compliance with requirements and make funding recommendations to the Cobb County Board of Commissioners (BOC) during November.
Eligible activities for the HOME Program consists of the following:
- Homeowner Rehabilitation (repair, rehabilitation, and reconstruction)
- Homebuyer Activities (acquisition, rehabilitation, new construction, down-payment assistance)
- Rental Housing (acquisition, rehabilitation, new construction)
- Tenant-Based Rental Assistance (monthly rental assistance, security & utility deposits)
2022 HOME Program Income Limits
Effective June 15, 2022
Household Size | Extremely Low 30% | Very Low Income 50% | Moderate Income 60% | Low Income 80% |
1 | $20,250 | $33,750 | $40,500 | $54,000 |
2 | $23,150 | $38,600 | $46,320 | $61,700 |
3 | $26,050 | $43,400 | $52,080 | $69,400 |
4 | $28,900 | $48,200 | $57,840 | $77,100 |
5 | $31,250 | $52,100 | $62,520 | $83,300 |
6 | $33,550 | $55,950 | $67,140 | $89,450 |
7 | $35,850 | $59,800 | $71,760 | $95,650 |
8 | $38,150 | $63,650 | $76,380 | $101,800 |
*Income of all persons living in the household
Source: U. S. Department of Housing and Urban Development (HUD) www.huduser.gov