The HOME Program was created by the National Affordable Housing Act of 1990 (NAHA), and has been amended periodically by subsequent legislation. HOME is the largest Federal block grant to State and local governments. The purpose of the HOME Program is to provide decent affordable housing for low-income households, expand the capacity of nonprofit housing agencies, strengthen state and local government coordination to provide housing, and leverage private sector participation. Each year it allocates approximately $2 billion among the States and hundreds of localities nationwide.
The cities of Kennewick, Pasco and Richland, as contiguous units of general government, were authorized by the U.S. Department of Housing and Urban Development (HUD) to form a consortium beginning in fiscal year 1996. The HOME Consortium provides a way for the three cities to work together to address local and regional housing issues. As a consortium, the three cities receive HOME funds every year for eligible activities such as providing down payment assistance to homebuyers and the development of homebuyer and rental affordable housing.
The City of Richland, as the lead entity, assumes overall responsibility for ensuring that the consortium’s HOME program is carried out in compliance with CFR 24, Part 92.
The funds are distributed as follows:
- 10% reserved for administration of the HOME Program by the City of Richland.
- Minimum of 15% to be used by a Community Housing Development Organization (CHDO).
- Balance distributed equally between the three cities.