The City of Omaha Planning Department is proud to announce its Request for Applications for the Home Investment Partnership Funds (HOME) for Funding Year 2023.
Donor Name: City of Omaha Planning Department
State: Nebraska
City: Omaha
Type of Grant: Grant
Deadline: 04/08/2022
Details:
HOME funding will Provide home purchase or rehabilitation financing assistance to eligible homeowners and new homebuyers; build or rehabilitate housing for rent or ownership; or for “other reasonable and necessary expenses related to the development of non-luxury housing.
All housing developed with HOME funds must serve low- and very low-income families. For rental housing, at least 90 percent of the families benefited must have incomes at or below 60 percent of the area median income; the remaining 10 percent of the families benefited must have incomes at or below 80 percent of area median income. Homeownership assistance must be to families with incomes at or below 80 percent of the area median income.
Eligible Activities
- Home Funds
- New Construction – for new construction of both rental and ownership housing.
- Rehabilitation – the alteration, improvement, or modification of an existing structure.
- Reconstruction – rebuilding a structure on the same lot where housing is standing at the time of project commitment.
- Conversion – usually deemed rehabilitation if converted to affordable residential housing – conversion to commercial is prohibited.
- Site Improvements – must be in keeping with improvements to surrounding standard projects.
- Acquisition of Property – eligible as part of a homebuyer program or a rental housing project.
- Acquisition of vacant land – construction must begin within 12 months of purchase.
- Demolition – existing structure only if construction on the HOME project will begin within 12 months.
- Down Payment Assistance and Closing Cost Assistance for existing or new single-family residential units.
- Purchase, Rehabilitation, and Resale including acquisition, infrastructure, development subsidy, and/or down payment assistance.
- Tenant-Based Rental Assistance.
Eligibility Criteria
- Must serve the City of Omaha, Douglas County
- Non-profit organizations with IRS 501(c)(3) or 501(c)(6) status
- For-profit entities
- Faith-based organizations (non-religious purposes)
For more information, visit HOME Funding.
