The City of Murfreesboro HOME Investment Partnership Grant Application is open now!
Donor Name: City of Murfreesboro
State: Tennessee
City: Murfreesboro
Type of Grant: Grant
Deadline: 02/22/2024
Size of the Grant: $500,000 to $1 million
Grant Duration: 1 Year
Details:
The HOME Investment Partnerships (HOME) Program was created by the National Affordable Housing Act (NAHA) of 1990. It is the largest Federal block grant available to communities to create affordable housing for low to moderate income families. Each year, the U.S. Department of Housing and Urban Development (HUD) determines the amount of HOME funds that states and local governments are eligible to receive using a formula designed to reflect relative housing needs.
The primary objective of the HOME Program is to expand affordable housing options for persons of low and moderate-income by:
- Providing decent affordable housing to low-income residents
- Expanding the capacity of non-profit housing providers
- Strengthening the ability of state and local governments to provide housing
- Leveraging private sector participation.
Funding Information
This funding application is for the period beginning July 1, 2024, through June 30, 2025. Applications will become the property of the City of Murfreesboro. The City anticipates receiving at least 80% of its prior year allocation of $526,316.00 for Program Year 2024. The City of Murfreesboro estimates its annual formula-based allocation to address affordable housing is $421,052.80.
HOME Program Eligible Activities
- Homeowner Rehabilitation (repair, rehabilitation, and reconstruction)
- Homebuyer Activities (acquisition, rehabilitation, new construction, down-payment assistance)
- Rental Housing (acquisition, rehabilitation, new construction)
- Tenant Based Rental Assistance (monthly rental assistance, security & utility deposits)
Eligibility Criteria
Local nonprofit and government agencies are eligible to apply.
For more information, visit City of Murfreesboro.
