Over 3,300 Rental Units Completed Through HOME From 2010-2017 in NJ
The U.S. Dept. of Housing and Urban Development (HUD)’s Office of Affordable Housing Programs has posted three frequently requested ad hoc reports about the HOME Investment Partnerships Program investments and units by state and by congressional district.
The reports include:
- HOME Units Completed within LIHTC Projects by State provides the number of HOME units completed within Low Income Housing Tax Credit projects by state since 2010.
- The report also provides a breakdown of overall HOME funds disbursed for LIHTC projects and the average amount of HOME funds disbursed per LIHTC project.
In New Jersey, from the years 2010 – 2017,
- 3,131 HOME rental unit were completed
- $175,463, 322 was distributed for completed units
- 912 HOME rental units were completed in Low Income Housing Tax Credit (LIHTC) projects
- $46,522,252 was distributed for LIHTC projects
- 46 total LIHTC projects were completed
Data is also available about HOME Units Completed by State which provides the number of HOME units completed since 1992 by state. The report also provides a breakdown of completed HOME units by tenure type and the amount of HOME funds committed and disbursed.
Lastly, data is available about HOME Units Completed by Congressional District which provides the number of HOME units completed since 1992 by congressional district. The report also provides a breakdown of completed HOME units by tenure type and the amount of HOME funds committed and disbursed.
There are additional non-ad hoc HOME reports listed on the HOME homepage.
- The HOME Program was authorized in 1990 as part of the Cranston-Gonzalez National Affordable Housing Act.
- HOME is a federal block grant to 637 participating jurisdictions (PJs), which are states and certain localities that use the funds to provide affordable housing to low- and moderate-income households.
- States and localities use the funds for a variety of homeownership and rental activities.
In general, all HOME money must benefit people with low or moderate incomes, tenant rents must generally be capped at a fixed percentage of the area median income (AMI), and units must be occupied by income-eligible households for a set period of time.
More information about the HOME program is on page 5-10 of NLIHC’s 2018 Advocates’ Guide.