HOME Investment Partnership
The HOME Investment Partnerships Program (HOME) administered by DHCD's Housing Development Division is intended to assist Prince George's County in expanding the supply of decent, affordable housing for our low and very low-income families.
HOME Funds
Prince George's County, through a formula-driven measure, considers the relative inadequacy of each jurisdiction's housing supply, its incidence of poverty, its fiscal distress and other factors, is eligible to receive approximately $3.5 million annually from a Federal Housing and Urban Development (HUD) appropriation.
Projects
Through the HOME Investment Partnerships Program, the Department of Housing and Community Development encourages nonprofit and for-profit developers to produce and rehabilitate housing, assist first-time homebuyers to purchase homes, acquire or improve group homes for special populations and assist Community Housing Development Organizations (CHDO's) to create and support housing opportunities for households of limited income. Take a look at some examples of affordable housing communities using HOME funds:
- The Lewis
- Woodyard Station-Senior Building
- Homes at Oxon Hill Senior Community
- The Belnor
- Woodlands at Reid Temple
- Bladensburg Commons
- Conifer Village at Oakcrest
- Rainier Manor II
- The Residences at Woodland Springs
- Brinkley Hill
- Parkview at Laurel
Financial Assistance
Financial assistance is provided to eligible projects and beneficiaries in the form of interest-bearing loans. The amount of financial assistance is determined on a project-by-project basis, throughout the fiscal year, and provided according to the HOME Subsidy Limits.
Policies and Procedures Manual - HOME Underwriting Guidelines
Project Guidelines
To ensure that HOME investments yield affordable housing over the long term, the County requires that the minimum or greater affordability period for each type of eligible activity be incorporated into each project. Also, the County requires each HOME-funded project be in compliance with Federal lead-based paint regulations of the Housing and Community Development Act of 1992.
https://www.hudexchange.info/programs/home/
The HOME Income/Rent limits are published by HUD on an annual basis and can be found on the following link:
https://www.hudexchange.info/programs/home/home-income-limits/