The City of Omaha Planning Department is proud to announce its Request for Applications for the Home Investment Partnerships Program (HOME) for Funding Year 2024.
Donor Name: City of Omaha Planning Department
State: Nebraska
City: Omaha
Type of Grant: Grant
Deadline: 05/31/2023
Details:
The City of Omaha receives HOME funding from the U.S. Department of Housing and Urban Development (HUD). This federal funding is based on a formula that considers census data on population, income, housing, and other pertinent demographic and economic characteristics of local jurisdictions.
Funding Priorities
Projects that align with and advance the goals of the HAAP will be given priority:
- Increase the Types of Housing to Meet Current and Future Needs
- Preserve Existing Affordable Units
- Ensure That All Parts of the City Have Affordable Housing
- Foster Housing Innovation to Lower Costs
- Advance Housing Stability.
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 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
Eligible Applicants:
- 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 COPD.
