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SACRAMENTO February 22, 2019 – The California Department of Housing and Community Development (HCD) is pleased to award $76 million to help provide residents in communities across California with a place to call home.
The HOME Investment Partnerships Program (HOME) is the largest federal block grant to state and local governments designed to increase homeownership and affordable housing for low- and very low-income Americans. These awards help cities, counties, developers, and nonprofit community housing development organizations to create and retain affordable housing.
“With housing costs rising statewide, concerns about the availability of homes continue to grow. The HOME program offers a wide range of opportunities for residents, helping to increase the supply of housing, while also preserving the existing housing stock in communities,” said HCD Director Ben Metcalf. “HCD is proud to help build foundations in communities where Californians can thrive.”
The HOME program allows local governments to implement housing strategies designed to meet their specific local needs and priorities. This flexible program funds a wide range of activities for individuals and families, including the purchase of a first home, low-interest loans to rehabilitate their primary homes, and rental housing assistance in the form of vouchers.
A list of awarded program and project activities is attached.