Orange County’s HOME funding applications are accepted once a year and are reviewed by the Orange County Home Consortium Committee, known as the Local Government Affordable Housing Collaborative. The Collaborative is comprised of staff and elected officials from the Towns of Chapel Hill, Carrboro, Hillsborough, and Orange County. A recommended funding plan is reviewed for approval by each jurisdiction in the Spring of every year.
Applications for the FY21-22 HOME program were due to the Orange County Department of Housing and Community Development by 5:00 PM on February 26, 2021. See below for application materials
HUD’s HOME Investment Partnerships Program (HOME) provides formula grants to states and local communities that (often in partnership with local nonprofit groups) fund a wide range of activities including construction, acquisition, and/or rehabilitating affordable housing for rent or homeownership, or to provide direct rental assistance to low-income people. It is the largest Federal Block Grant to state and local governments designed exclusively to create affordable housing for low-income households. HOME funds are awarded annually as formula grants to participating jurisdictions (PJs). The program’s flexibility allows States and local governments to use HOME funds for grants, direct loans, loan guarantees or other forms of credit enhancements, rental assistance or security deposits.
The HOME Program is a federal program administered by the U.S. Department of Housing and Urban Development (HUD). Orange County receives an allocation each year, which is awarded to local organizations for projects that produce or preserve affordable housing units. To learn more, visit HUD’s webpage on HOME: https://www.hudexchange.info/programs/home/