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Home Investment Partnerships Program

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Home Investment Partnerships Program

The Home Investment Partnerships Program (HOME) was established by the United States Department of Housing and Urban Development (HUD) and is authorized under Title II of the Cranston-Gonzalez National Affordable Housing Act, as amended. HOME is the largest Federal block grant to State and local governments designed exclusively to create affordable housing for low-income households. Program regulations are at 24 CFR Part 92. Funding for the HOME program is part of HUD's annual budget, which is approved by Congress and signed by the President. The HOME program encourages public and private partnerships by providing incentives to for-profit and nonprofit developers to produce housing for low-income households. The program fills the housing gap that the private sector does not address. Private, public, and non-profit organizations work together to create affordable housing options.

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Capewell Townhomes - Under Construction
Homeownership Development Phase I
http://www.capewelltownhomes.com

 

 

 

 

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35 Clark Street
Grandfamiles Development
Rental Housing 

 

 

The City of Hartford HOME program provides funding to eligible property owners, for-profit developers, nonprofit agencies and Community Housing Development Organizations (CHDO) for the new construction or rehabilitation of quality affordable housing in Hartford. The program supports the City of Hartford's goal to foster the continued development of homeownership opportunities, the rehabilitation and construction of affordable multi-family rental properties, and the elimination of blighted properties. Funding through HOME must benefit low-income and very low-income households.

The City of Hartford believes that individuals of similar economic levels in the same housing market should have available to them a like range of housing choices. And, accordingly, is committed to the goals of affirmative marketing that are implemented under the HOME Program. Click on the following link for more information about the HOME Affirmative Marketing Policy and Procedures . In addition, information regarding Federal fair housing and equal opportunity is available on the following HUD webpage: http://www.hud.gov/offices/fheo/index.cfm

 

Primary Objectives of the HOME Program:

  • Increase the supply of quality affordable housing for low-income households
  • Strengthen the abilities of state and local governments, along with nonprofit organizations, to design and implement strategies for providing decent, affordable housing
  • Create and reinforce partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, to produce and/or manage affordable housing.

Eligible Activities - Affordable Housing Production

  • Reconstruction and rehabilitation of substandard housing
  • Construction of new housing

 

Applications for HOME Program Funding

The City of Hartford accepts proposals for financing new construction and/or rehabilitation of residential properties for the purpose of creating affordable housing units. HOME loan applicants must have a history of successfully developing affordable housing. Preference will be given to proposals that include a homeownership component, reduce existing density through demolition-reconfiguration, eliminate blight, and provide adequate parking and open space.

Applications are available at the Department of Development Services, Housing and Property Management Division. Minority Business Enterprises (MBE) and Women Business Enterprises (WBE) are encouraged to participate in this process.

Important: All borrowers of HOME program funds must comply with the March 11, 1996 Court of Common Council resolution that prohibits the City from conducting business with an entity owning or controlling property which is delinquent in its taxes, loans, fines, fees or other funds owed to the City, whether such owner is delinquent as a corporation or corporate stockholder with one third or greater interest in the corporation, part or whole of a partnership or as an individual.

For More Information Please Contact:
Sharon Bailey, Senior Project Manager
City of Hartford
Department of Development Services
Housing and Property Management Division
250 Constitution Plaza, 4th Floor
Hartford, CT 06103
Phone: 860-757-9032
Fax: 860-722-6444
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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