The HOME Program was created the National Affordable Housing Act of 1990 (NAHA). The intent of the HOME program is to provide decent affordable housing to lower-income households, expand the capacity of nonprofit housing providers, strengthen the ability of state and local governments to provide housing, and leverage private-sector participation. First time homebuyer activities, development subsidy for rental housing and single family homes, and tenant-based rental assistance (TBRA).
Each participating jurisdiction incurs a 25 percent matching obligation for HOME funds it expends. Matching contribution must be: