The HOME Investment Partnerships Program: Transforming Communities
The HOME Investment Partnerships Program is a cornerstone of affordable housing development in the United States. Since its inception, the program has invested $26 billion, leveraging more than $117 billion in additional public and private resources. This funding has been used to build and preserve nearly 1.2 million affordable homes and provide rental assistance to 270,000 families at risk of homelessness. The impact is not just measured in homes built, but in lives stabilized and communities strengthened.
By supporting affordable housing, the program has generated over 1.5 million jobs and $94 billion in local income. These economic benefits ripple outward, supporting local businesses and increasing tax revenues. The program also enables local governments and non-profits to address housing needs specific to their communities, ensuring that resources are directed where they are needed most.
Despite its success, the program has faced funding cuts in recent years, threatening its ability to meet growing demand. Continued investment in the HOME Program is essential to maintain progress in affordable housing, prevent homelessness, and support economic growth across the nation. By providing safe, affordable homes, the program helps families achieve stability and lays the foundation for stronger, more resilient communities.