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.
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.
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.
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.
For more information about the HOME Program (HOME) please call the Housing Development Division on 301-883-5570.