HUD HOME Investment Partnerships Program (1990)
Congress created the HOME program under the Cranston-Gonzalez National Affordable Housing Act. It provides formula grants to states and localities for building, buying, and rehabbing affordable housing.
States and cities gained a flexible source of capital for low-income housing projects.
HOME became a primary federal funding stream for local down-payment assistance and housing trust funds, which many counties like Ingham rely on today.
Ingham County's DPA uses HOME price limits and is funded through similar housing trust fund mechanisms. The new $1.5M state allocation extends this model at the county level.
