The HOME Investment Partnerships Program (HOME) provides grants to state and local governments to produce affordable housing for low‐income families.
Donor Name: City of Mesa
State: Arizona
City: Mesa
Type of Grant: Grant
Deadline: 10/13/2022
Size of the Grant: $1,837,215
Details:
Program Objectives
The intent of the HOME Program is to:
- Provide decent affordable housing to lower‐income households,
- Expand the capacity of nonprofit housing providers,
- Strengthen the ability of state and local governments to provide housing; and
- Leverage private‐sector participation.
HOME funds must be matched by non-federal resources. State and local governments that become participating jurisdictions may use HOME funds to carry out multi-year housing strategies through acquisition, rehabilitation, and new construction of housing, and tenant-based rental assistance.
Funding Information
Size of the fund is $1,837,215.
Eligibility Criteria
Individual households, non‐profit and for‐profit developers may apply for HOME funding. A private nonprofit organization that:
- Is organized under State or local laws
- Has no part of its net earnings inuring to the benefit of any member, founder, contributor, or individual
- Is neither controlled by, nor under the direction of, individuals or entities seeking to derive profit or gain from the organization. A community housing development organization may be sponsored or created by a for-profit entity, but:
- The for-profit entity may not be an entity whose primary purpose is the development or management of housing, such as a builder, developer, or real estate management firm.
- The for-profit entity may not have the right to appoint more than one-third of the membership of the organization’s governing body. Board members appointed by the for-profit entity may not appoint the remaining two-thirds of the board members;
- The community housing development organization must be free to contract for goods and services from vendors of its own choosing; and
- The officers and employees of the for-profit entity may not be officers or employees of the community housing development organization.
- Has a tax exemption ruling from the Internal Revenue Service under section 501(c)(3) or (4) of the Internal Revenue Code of 1986.
- Is not a governmental entity (including the participating jurisdiction, other jurisdiction, Indian tribe, public housing authority, Indian housing authority, housing finance agency, or redevelopment authority) and is not controlled by a governmental entity.
For more information, visit City of Mesa.
