The state HOME program provides funding for housing rehabilitation, new construction, and acquisition and rehabilitation for multifamily projects; new construction and down payment assistance for single-family projects; first-time homebuyer down payment assistance, owner-occupied rehabilitation and tenant-based rental assistance programs; and predevelopment loans to CHDOs. All activities must benefit low-income renters, homebuyers or homeowners.
The HOME Program is a federal formula grant program that provides annual allocations to states to increase and preserve the supply of decent, safe, and sanitary affordable housing specifically for serving low-income [at or below 80 percent (80%) of Area Median Income (AMI)] and very low-income [at or below 50 percent (50%) of AMI] households. This NOFA is to make available unclaimed HOME 2024 NOFA Program Activities funding, on an over-the-counter basis, until the next HOME Program Activities NOFA is released or funds are exhausted. With this funding, the Department will award HOME funds to eligible applicants on a first-come, first-served basis, in the form of loans/grants to fund Program Activities including first-time homebuyer programs, owner-occupied rehabilitation programs, and tenant-based rental assistance programs.
Type: Grant; Loan Award: not published as a fixed amount; depends on the applications received Total available: $14,000,000.00 Matching funds: Not Required Funding method: Reimbursement(s) Funding source: Federal Deadline: Ongoing Award period: 5 years Apply at: https://gn.ecivis.com/GO/gn_redir/T/vyjsqf2kekyx Source: California Grants Portal record 164586, published by the State of California.