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The HOME Program has specific requirements regarding property types, property values, and property standards in HOME funded projects.
- Property types. The HOME Program specifies the types of property eligible for HOME assistance based on the nature of the HOME activity being undertaken.
Property values. The HOME Program places a limit on the value of properties assisted with HOME funds through homebuyer or homeowner rehabilitation programs.
- Property standards. Properties assisted with HOME funds must meet certain minimum property standards. The applicable standards also vary based on the nature of HOME activity funded.
- Refer to the individual HOME activities under the Eligible HOME Activities topic for specific guidance on the property type, value, and standards requirements applicable to each type of HOME activity.
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