HOME Investment Partnerships Fund (HOME)

HOME Funds are Used to:

Assist homebuyers with purchasing rehabilitated or newly constructed housing developed by community-based development organizations.
Assist organizations with building capacity to carry out an eligible housing activity.
Develop new, affordable rental housing through programs co-managed by DED and the Nebraska Investment Finance Authority (NIFA):
Collaborative Resource Allocation for Nebraska (CRANE) program Low Income Housing Tax Credits (LIHTC)

CRANE encourages the development of affordable housing through long-term, coordinated job creation/enhancement, housing and community development strategies in Nebraska.

LIHTC encourage the investment of private capital in the development of rental housing by providing a credit to offset an investor’s federal income tax liability.

Who is Eligible to Apply for HOME Funds?

For funds related to the purchase of rehabilitated or newly constructed housing, Community Housing Development Organizations (CHDOs) may apply.

CHDOs are community-based non-profit 501(c)(3), 501(c)(4), or section 905 organizations who, among their purposes, work to provide decent affordable housing to low- and moderate-income persons. CHDOs must meet qualifications as defined in the HOME Investment Partnerships Program 2013 Final Rule Subpart A, §92.2.

For eligibility information related to CRANE and LIHTC, please visit the NIFA website.

HOME and HTF Subsidy Limits