Home Investment Partnership Program (Home)
HOME Investment Partnership Program (HOME) Per 24 CFR 92, HOME funds may be used for single family and multi-family acquisition, Tenant Based Rental Assistance (TBRA), rehabilitation, new construction, or Down Payment/Mortgage assistance programs. Of the total HOME funding allocation, 15% annually must be set aside for specially designated Community Housing Development Organizations (CHDO) for housing development activities. HUD also allows a maximum of 5% for CHDO operating expense. Program Administration is capped at 10% per year.
For more information about the HOME Investment Partnership Program, please visit www.hudexchange.info/.
Agencies currently funded by the City of Tampa with HOME funds:
- CDC of Tampa provides housing counseling services to help low-moderate income families to achieve the dream of homeownership. This award will be for Housing Counseling and the application processing for the City’s Mortgage Assistance Program. This program will assist 150 clients within the City of Tampa limits. The program will be offered from the CDC of Tampa office located at 1907 E. Hillsborough Avenue, Tampa, FL 33610.
- Beacon Homes CHDO Project – $650,000
- New Genesis CHDO Project - $505,000
- St. Vincent de Paul, South Pinellas provides Tenant Based Rental Assistance (TBRA) to homeless individuals and families at or below 80% AMI. TBRA funds may be used to provide rental assistance and rental security to obtain permanent housing. The subsidy level is based on the household income and number of persons in the household.
HOME Funding: $250,000