About the Program
The HOME Investment Partnership program was established by the U.S. Department of Housing and Urban Development (HUD) in 1992 to provide funds to states and Participating Jurisdictions (PJs) such as Danville to fund activities that build, buy, and/or rehabilitate affordable housing for low-income people, often in partnership with local nonprofits.
The City of Danville receives approximately $500,000 in HOME funds each year. PJs must match every dollar of HOME funds used (except for administrative costs) with 25 cents from non-federal sources, which may include donated materials or labor, the value of donated property, proceeds from bond financing, and other resources.
PJs must reserve at least 15% of their allocations to fund housing to be owned, developed, or sponsored by experienced, community-driven nonprofit groups designated as Community Housing Development Organizations.
For more information on the HOME Program in Danville, contact the Housing and Development office at 434-799-5260.
