HOME is the largest Federal block grant to State and local governments (about $2 billion annual distribution) designed exclusively to create affordable housing for low-income households.
It’s a partnership with local nonprofit groups-to fund a wide range of efforts that build, buy, and/or rehabilitate affordable housing for rent or home ownership or provide direct rental assistance to low-income people.
Source: http://nhl.gov/offices/cpd/affordablehousing/programs/home/
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