HOME Investment Partnership Program (New York Localities)
Total Annual Award
$$92,909,944 in 2016 for all of New York State.
Tenant Eligibility Criteria
Low-income individuals and families, defined as households at or below 80% of area median income (AMI). HOME rental projects must primarily serve households with incomes at or below 60% of AMI. All subpopulations may be served with HOME funding.
Permanent supportive housing projects are eligible, both for capital and operating funds. Other local uses include first time home buyers assistance, rehabilition costs for low-income homeowners and modular home programs.
Funding Award Details
HOME allocations in 2016:
- Albany $656,452
- Amherst Town $633,903
- Babylon Town $331,879
- Binghamton $376,113
- Buffalo $2,414,585
- Elmira $236,423
- Islip Town $457,918
- Ithaca $329,841
- Jamestown $256,921
- Mount Vernon $371,551
- New Rochelle $341,692
- New York $54,173,941
- Niagara Falls $338,799
- Rochester $1,892,789
- Schenectady $919,903
- Syracuse $1,079,385
- Utica $488,292
- Yonkers $905,236
- Dutchess County $676,523
- Erie County $652,871
- Monroe County $849,244
- Nassau County $1,833,974
- Onondaga County $467,677
- Orange County $898,367
- Rockland County $605,037
- Suffolk County $1,184,385
- New York Nonentitlement $18,820,830
- CNSRT-Jefferson County $715,413
Across New York State, 28 participating jurisdictions receive direct federal HOME allocations. In 2016, these grants ranged from a high of $54 million in New York City to a low of $236,000 in Elmira.
Rental assistance must fall within Fair Market Rent (FMR) guidelines.
Capital grant terms will vary by location and project. Rental assistance may be for short- or medium-term (up to 18 months) as a bridge to longer term rental assistance (i.e. Section 8 Housing Choice Vouchers).
Localities may use HOME funds in a flexible way, which means that competition for these funds is often intense.
HOME has seen dramatic funding cuts in recent years.
HOME provides U.S. Department of Housing and Urban Development (HUD) formula grants to states and localities, which communities can use in partnerships with local nonprofit groups. These partnerships fund a wide range of activities that build, buy or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people. New York State Homes and Community Renewal (HCR) administers the state's HOME allocation, which covers all non-entitlement areas..
In NYC, HOME funding is used as Supportive Housing Loan Program.
HOME funding frequently plays a role in the overall funding of supportive housing. In addition to applying for State HOME funds, developers are encouraged to approach their local governments early in the development process to urge them to allocate a share of local HOME funds for their supportive housing project. The tenant-based rental subsidy is a valuable resource for operating supportive housing programs, particularly at a time where mainstream Section 8 rental subsidies are not readily available, and can be a bridge until Section 8 becomes available. Local HOME funds should be more available for needed supportive housing programs for the lowest-income population.
One innovative HOME entitlement area in NYS dedicates HOME funds to provide immediate rental assistance to chronically homeless individuals.
For More Information
Those interested in developing in an area with a participating jurisdiction (PJ) should contact their local Office of Community Development.
Contact your local Community Development Office in entitlement areas.
Last updated: 09/30/2016
Did you know…
Supportive housing for youth aging out of foster care can generate a lifetime net savings of $90,000 in public sector money for every young adult.