HOME Investment Partnerships Program

What this funds

Office of Community Planning and Development The 2027 President's Budget eliminates funding for the HOME Investment Partnerships program (HOME), reducing spending by $1.25 billion compared to the 2026 Enacted level. The HOME program provides annual formula grant assistance to States and units of local government to increase the supply of affordable housing and expand homeownership for low- to very low-income persons through a wide range of activities that build, buy, and/or rehabilitate affordable housing. Numerous factors and regulatory barriers stifle housing development; many of these issues cannot be solved, and may be worsened, by Federal involvement. State and local governments are better positioned to comprehensively address the array of unique market challenges, local policies, and impediments that lead to housing affordability problems. As of January 2026, undisbursed HOME funds from 2025 and earlier grants totaled $5.4 billion. Projects are required to remain affordable for as long as 20 years from the date of completion. There containing 54,573 units that are under regulatory compliance. Additionally, new projects are currently under development with existing funds that will be placed in service over the next several $20.0 million in American Rescue Plan grants.

Extracted from 2027 CJ Program HOME, p. 1. Verbatim; nothing here is paraphrased. This is a different document from the one the figures above were read off — the agency prints this line's dollars in a summary table and its justification elsewhere.

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Answers come from the figures on this page and nothing else. These dollars are parsed from Housing & Urban Dev's Congressional Justification and are approximate — confirm anything that matters against the cited page.