HOME funds are awarded annually through a competitive application process to cities, counties and non-profit organizations outside the local participating jurisdictions. Community Housing Development Organizations (CHDOS) are eligible to apply for State HOME funds only if the proposed project is outside most HOME participating jurisdictions. THDA anticipates an allocation of $15-$17 million in Fiscal Year 2011. THDA will accept applications from CHDOS for FY2012 HOME funding on May 31, 2013. There will be a webinar application workshop on April 30, 2013. Click here to download webinar powerpoint presentation, 2012 HOME CHDO Application Workshop.
Eligible Applicants - CHDO Round
CHDOS with previous HOME grants must meet draw down requirements by April 30, 2013 to be eligible to apply. Applicants with 2011 HOME grants must have requested at least 50% of their grant; applicants with 2010 HOME grants must have requested at least 75% of their grant; and applicants with 1992 through 2009 HOME funds must be 100% drawn down.
The maximum HOME grant is $500,000. Applicants must apply for at least $100,000. There is a $750,000 maximum that can be awarded to any one county if there are multiple grant applications from that county.
Highlights for 2012
2012 Proposed HOME Rule
A new Proposed HOME Rule has been published for public comment. The new Rule includes significant changes throughout the regulations, including: