The federal government created the HOME Investment Partnerships Program (HOME) in 1990. The HOME program is a formula grant of federal housing funds given to states and localities. Congress appropriated $1.7 billion dollars for FY 2001 that was distributed by formula to approximately 650 communities and states.  HOME funds are access through the Consolidated Plan.

HOME funds can be used for the following housing activities:

• Rental housing production and rehabilitation loans and grants;
• First-time homebuyer assistance;
• Rehabilitation loans for homeowners; and
• Tenant-based rental assistance (2 year renewable subsidies).
• All housing developed with HOME funds must serve low- and very low-income individuals and families. For rental housing, at least 90 percent of HOME funds must benefit families whose incomes are at or below 60 percent of area median income; the remaining 10 percent must benefit families with incomes at or below 80 percent of area median income. (Your state or participating jurisdiction may have even lower income targeting for their HOME funds). 15 percent of a state or locality's HOME funds must be set-aside for use by community based non-profit organizations (called "CHDOs").

For more information:
TAC’s Opening Doors monograph on how HUD's HOME Program can work for people with disabilities.
2006 ConPlan Allocations
HUD’s HOME Program information