HOME Investment Partnerships Program

Local
County of Hennepin

This program provides funding to support the development of affordable housing projects in suburban cities within Hennepin County, Minnesota, helping to meet the local housing needs.

Description

The HOME Investment Partnerships Program (HOME) is a federally funded initiative aimed at supporting affordable housing in suburban cities within Hennepin County, Minnesota. The program aligns with the 2020–2024 Consolidated Plan's goals and priorities, offering flexibility to address the county's housing needs. Federal guidelines for the HOME program are detailed in 24 CFR Part 92, and further resources can be found on the U.S. Department of Housing and Urban Development (HUD) website.

HOME funding is awarded through Hennepin County's annual coordinated affordable housing development Request for Proposals (RFP). This coordinated process streamlines the application for various funding sources, ensuring alignment with county housing strategies. Interested applicants can access information about the coordinated RFP process and requirements on the county's housing resources platform.

Projects funded by HOME are subject to ongoing compliance with federal regulations, verified through an annual monitoring process. Compliance materials, including the rental compliance guide and annual monitoring forms, outline the responsibilities of recipients to maintain program standards. The 2023 and 2024 program limits, as well as a lease addendum, provide additional guidance for project administration.

Information about current and past HOME-funded projects is available in the annual Consolidated Action Plan and the Consolidated Annual Performance and Evaluation Reports (CAPER), respectively. These documents offer transparency about how funds are allocated and the impact of funded projects.

For further inquiries about the program or the application process, contact Omar Martinez at omar.martinez@hennepin.us or 612-348-2670. The program emphasizes long-term compliance and the promotion of affordable housing solutions for suburban Hennepin County residents.

Eligibility

States
Minnesota
Regions
Hennepin County (MN)
Eligible Entities
Individuals

Funding

Program Funding
$2,400,000
Award Ceiling
Award Floor
Award Count

Timing

Posted Date
January 15, 2025
App Status
Anticipating Next Round
Pre-app Deadline
Application Deadline

Funder

Funding Source
Source Type
Local
Contact Name
Contact Email
Contact Phone
--

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