2025 HOME Projects NOFA – Non-Tribal

Purpose

This NOFA will provide loans or grants to eligible HOME Applicants to develop low- and very low-income affordable rental units, and to provide loans to low-income, first-time homebuyers as a part of a subdivision development.

Description

The 2025 HOME Project NOFA will provide funds to develop affordable rental housing for low- and very low-income households, as well as to provide first time homebuyer assistance to low income families who purchase a home in the Applicant's housing development. The maximum award amount will be $8 million for rental housing projects, and $2 million for first time homebuyer projects. The minimum award amount for all project types will be $10,000 per unit. State Recipient Applicants may apply for an administrative costs grant up to a $300,000 or ten percent (10%) of the activity award amount, whichever is lower. CHDO Applicants may apply for a CHDO operating expenses grant up to a $200,000 or ten percent (10%) of the activity award amount, whichever is lower. Eligibility is described below. Eligible Activities:*New construction of affordable rental units*Rehabilitation of affordable rental units with or without acquisition*First Time Homebuyer projects Eligible Applicants:*State Recipients*Developers*CHDOs*Native American Entities Eligible Jurisdictions: Projects located in non-entitlement jurisdictions, which are those that did not receive a direct HOME award from HUD, are eligible under this NOFA. Key Words:Affordable HousingLow-IncomeVery Low-IncomeHomelessnessRental HousingHomebuyer AssistanceFirst Time HomebuyerDeveloperCHDO (Community Housing Development Organization)State RecipientCityCountyNAE (Native American Entity)