What is the main goal of the HOME Investment Partnerships program?

The primary goal of the HOME Investment Partnerships program is to expand the supply of affordable housing for very low-income households. This federal initiative provides funding to states and municipalities to assist in the development and rehabilitation of rental and ownership housing for individuals and families earning 80% or less of the area median income. By focusing on very low-income households, the program aims to address the significant housing challenges these groups face, fostering stability and community development.

The HOME program helps local governments and non-profit organizations to create partnerships that enhance affordable housing initiatives, thereby ensuring that vulnerable populations have access to suitable and affordable living conditions. By prioritizing very low-income households, the program plays a critical role in combating homelessness and housing insecurity in communities across the country.

Funding luxury housing developments, providing grants for urban landscaping, or promoting homeownership among middle-income families do not align with the core objectives of this program, which specifically targets the needs of low-income households to improve their housing opportunities.