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10 <br />The HOME PROGRAM <br />In 1990, Congress enacted the HOME Investment Partnerships Act, better known as <br />the HOME Program, in an effort to provide a new approach to housing assistance at <br />the federal level. This federal housing block grant would afford state and local <br />governments the flexibility to find a wide range of housing activities through creative <br />and unique housing partnerships among states and localities, private industry, and <br />nonprofit organizations. <br />In order to receive future HOME Program funds, each housing activity must fall in line with <br />the following goals of the HOME Program: <br />1. To expand the supply of decent, safe, sanitary and affordable housing, with emphasis on <br />rental housing, for very low- and low-income citizens; <br />2. To strengthen the abilities of state and local governments to design and implement <br />strategies for achieving adequate supplies of decent affordable housing; and <br />3. To encourage public, private and nonprofit partnerships in addressing housing needs. <br />Eligible activities for HOME Program funding include (from the Federal Regulations): <br />• Acquisition of property (including assistance to homebuyers); <br />* New construction; <br />• Reconstruction; <br />• Conversions; <br />• Moderate rehabilitation of non-luxury housing with suitable amenities; <br />• Tenant-based rental assistance; <br />• Relocation of displaced persons, families, businesses, or organizations; <br />• Site improvements, acquisition of vacant land and demolition (under special conditions); <br />• Project soft costs; <br />• Administration / planning; and <br />+ Operating expenses for community housing development organizations.