​​​​​​​​HOME Investment P​artnership Grants

​The HOME Investment Partnerships Program (HOME) provides formula grants to states and localities that communities use - often in partnership with local nonprofit groups - t​​o fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.​

What is the Purpose of HOME​​​ ​​​Funding?​

HOME funds are awarded annually as formula grants to participating jurisdictions (PJs). The program's flexibility allows states and local governments to use HOME funds for grants, direct loans, loan guarantees or other forms of credit enhancements, or rental assistance or security deposits.

The program reinforces several important values and principles of community development:

  • Flexibility empowers people and communities to design and implement strategies tailored to their own needs and priorities.
  • Emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector in the development of affordable housing.
  • Technical assistance activities and set-aside for qualified community-based nonprofit housing groups builds the capacity of these partners.
  • Requirement that participating jurisdictions match 25 cents of every dollar in program funds mobilizes community resources in support of affordable housing.
How Can My Orga​​​nization Access Funding?
If you would like to propose a project, please use the contact info on this page to email us or give us a call. The first step in the process is a meeting with CSD staff to determine if this funding source is a good fit for your project. If so, a formal application process follows. If this process is successful and funding is available, your project would then included in the next year's Action Plan or, if appropriate, amended into the current year Action Plan via a "substantial amendment."

Prog​ram Contact

​​Call (907) 343-6718

Email ahdcsd@anchorageak.gov