CLARIFICATION: An earlier edition of this article said HOME Investment Partnership money was available to private parties. It should have said private developers.
Some $928,000 in federal HOME Investment Partnership money is available locally to create new affordable housing and/or to make existing housing affordable. The Asheville Regional Housing Consortium is requesting applications from nonprofits and private developers for distribution of this funds.
HOME funds can be used in a variety of ways: for new construction, rehabilitation, rent subsidies, down payment assistance or rapid re-housing for the homeless. Additionally, the Consortium stated that locationally efficient projects (i.e., walkable to grocery store, transit, jobs) would be given preference for funding.
The HOME Investment Partnerships Program (HOME) provides grants that communities use to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people. HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.
Applications are due to cdapplications@ashevillenc.gov by noon Oct. 30. The application documents are available at the City’s Strategic Partnership Funds page.
For inquiries and eligibility questions, contact Heather Dillashaw at hdillashaw@ashevillenc.gov or 828-259-5851.
For more on affordable housing in Asheville, see this article on the Asheville Housing Fair, to be held Sept. 19.