HOME Program

HOME Rental Housing Program

The Rental Housing Development (Multifamily) HOME Rental Housing Program provides loans to affordable housing developers to build, buy or rehabilitate affordable housing and provides direct rental assistance to low-income individuals. LHC serves as the administrator for HOME funds for the state of Louisiana and distributes them through a Notice of Funding Availability.

Program Details

The list below reflects eligible uses of HOME funds and does not necessarily reflect currently available programs. All funding is awarded to qualified developers through a competitive process. Assistance is not given directly to individual recipients.

• Provide home purchase or rehabilitation financing assistance to eligible homeowners and new homebuyers
• Build or rehabilitate housing for rent or ownership
• Site acquisition or improvement, demolition of dilapidated housing to make way for HOME-assisted development
• Tenant-based rental assistance contracts
• HOME-funded housing units must remain affordable (20 years for new construction of rental housing; 5-15 years for homeownership housing and housing rehabilitation)
• Participating jurisdictions using HOME funds must reserve at least 15% of allocations to fund housing owned by Community Housing Development Organizations (CHDOs)