HOME Program

Background on the Home Investment Partnerships (HOME) Program

HCD administers the federal Home Investment Partnerships (HOME) Program for Daly City. The HOME Program was created by the 1990 National Affordable Housing Act, as amended, and is under the authority of the Department of Housing and Urban Development (HUD). HUD allocates HOME funds annually to participating jurisdictions like Daly City annually. The objectives of the HOME Program are:

  1. Provide decent affordable housing to lower income households
  2. Expand the capacity of nonprofit housing providers
  3. Strengthen the ability of state and local governments to provide housing, and
  4. Leverage private sector participation

Eligibility

Nonprofits, for-profits and governmental entities are eligible to receive HOME funds. At least 15% of the City’s annual HOME funding allocation from HUD must be set-aside for Community Housing Development Organizations (CHDO). A CHDO is a private nonprofit, community-based organization that has or will have the capacity to develop, own, or sponsor affordable housing for the community it serves. A nonprofit must fulfill certain requirements in order to become a CHDO. If you have questions on becoming a CHDO, please call HCD staff at 650-991-8055.

HOME funds may be used on a wide range of housing activities that create or maintain affordable rental housing and homeownership opportunities such as acquisition, rehabilitation and new construction. The City will award HOME funds in the form of grants or loans.

Funding Cycle

The CDBG funding cycle begins in early December when the grant application becomes available. In December or early January, the City Council conducts a public hearing to receive citizen input regarding housing and community development needs.  Applications are due at the end of January.  During February through March, the City reviews and evaluates the applications. From March through April, the City prepares a draft One-Year Action Plan, which contains the preliminary funding recommendations and is made available for a 30-day public comment period.  In late April, the City Council conducts a public hearing to receive final comments and approves the Action Plan.

HUD Consolidated Plan

The HOME Program complies with the HUD Consolidated Plan requirements. See Community Development Block Grant (CDBG) for a full description of the Consolidated Plan process.