The HOME Investment Partnerships Program (HOME) is a federal entitlement program, which was established by the National Affordable Housing Act of 1990. As a HOME participating jurisdiction, the Metropolitan Government receives an annual allocation of funds directly from the U.S. Department of Housing and Urban Development.
The primary objective of HOME is to expand the supply of decent, safe and affordable housing for low- and moderate-income families. HOME funds for homeownership projects must be used to benefit persons who earn less than 80% of the area median income for Nashville and Davidson County (AMI), while rental projects must benefit persons who earn less than 60% AMI. Recipients of HOME subsidies must agree to maintain affordability for a specified period of time based on the amount of subsidy received.
For more information about the HOME program, please contact:
HOME: Eligible Activities
- Administration: MDHA Community Development Department staff provide grant management and oversight of the HOME Program.
- Homebuyer Programs: Funds will be made available to qualified developers for projects that will provide affordable homeownership opportunities for sale to households with incomes ≤ 80% AMI. MDHA IS CURRENTLY ACCEPTING APPLICATIONS FROM NONPROFIT DEVELOPERS. CLICK HERE FOR MORE INFORMATION.
- Homeowner Rehab: Assistance will be provided for large-scale rehabilitation or reconstruction of owner-occupied homes. Applicants will be referred from the CDBG Homeowner Rehab Program.
- Rental Programs: Funding is available for construction of new units for rent to households with incomes ≤ 60% AMI.
HOME-ARP
HOME-ARP, issued through the Department of Housing and Urban Development (HUD) as a part of the American Rescue Plan Act (ARPA), was signed into law in 2021 and provided $5 billion to states and local jurisdictions to serve the following Qualifying Populations (QP):
- Experiencing homelessness
- At risk of homelessness: ELI (<30% AMI), no resources or supports to prevent homelessness, and any one of seven additional criteria
- Fleeing, or attempting to flee, domestic violence, dating violence, sexual assault, stalking, or human trafficking
- Other populations: For example, previously homeless, severely cost-burdened, ELI, or VLI who meets one of seven additional criteria
Davidson County received $9,315,028 in HOME‐ARP funding. After a community consultation process, MDHA submitted an Allocation Plan to HUD for approval in 2022, proposing to use the majority of the funding to develop affordable rental housing.