The Home Investment Partnerships Program (HOME) provides funding to eligible property owners, for-profit and non-profit agencies and Community Housing Development Organizations (CHDO) for the new construction or rehabilitation of quality affordable housing in Hartford. The program supports the City of Hartford’s goal of fostering the development of homeownership opportunities and the rehabilitation and construction of multi-family rental properties. Funding through HOME must benefit low-income and very low-income households. Since the HOME program’s inception in 1992, over 2000 housing units have been created or improved.
The City of Hartford accepts proposals for financing the acquisition, rehabilitation, or new creation of residential properties for the purpose of maintaining the supply of affordable and workforce housing units. Preference will be given to proposals that support mixed income development, home-ownership development, and housing for the elderly, veteran and workforce populations.
The City of Hartford seeks to finance an amount not to exceed 20% of a project’s total costs. In addition to underwriting parameters, approved funding levels will be determined by the HOME funds availability. Applicants should demonstrate their ability to leverage other private or public sources of financing. All HOME-assisted units are subject to annual Housing Quality Inspections, ensuring the maintenance of safe, sanitary and quality housing units citywide.