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Updated about 8 years ago,

User Stats

80
Posts
45
Votes
Stephen Dickey
  • Investor
  • Charlotte, NC
45
Votes |
80
Posts

HUD's HOME Program. How does it work?

Stephen Dickey
  • Investor
  • Charlotte, NC
Posted

Hello!

I am looking for some insight for anyone who has worked with the HOME Investment Partnership Program provided by HUD. I plan on contacting a local representative regarding the issue this week to receive more guidance, but I am wondering if anyone has any direct experience with this program. I have a pretty ambitious plan to newly construct Section 8 housing in a certain county, and discovered this program while doing research. To my knowledge, it looks like the federal government grants money to the state to be allocated for the use of funding activities such as building, buying, and/or rehabilitating affordable housing for rent or home-ownership or providing direct rental assistance to low-income people. The state is then able to allocate the funds to participating jurisdictions for these certain uses. There is a lot more to it.

Has anyone ever collaborated with this program? If so, would you please provide any information pertaining to it at all? I am assuming each state operates differently, but any info I could recieve would be vital. I really appreciate it!!

Thanks.