HUD Proposes New Rule to Improve HOME Program - November 4, 2011

WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD is proposing new regulatory requirements under its HOME Investment Partnerships Program (HOME).   HOME is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. Since 1992, the HOME Program has successfully assisted more than one million affordable homes for lower income families. However, Secretary Donovan believes the program can be strengthened to significantly boost the program’s performance at the local level.

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