Applying for Grants
HOME grants are awarded to construct, acquire, and/or rehabilitate rental housing, or develop new housing for homeownership. The maximum amount of grant award is $750,000 as long as the per-unit investment does not exceed HUD's maximum subsidy limit, and at least 5% of the total HOME investment must be matched. More information is available in the Application Guidelines.
The HOME Program allocates a portion of each year's allocation funds to homebuyer assistance (HBA). Cities, towns, and counties, may apply to access these funds by completing an application that will qualify them to pursue homebuyer assistance activities within their jurisdiction for a two year period before reapplication is necessary.