HUD Opens Access to $5 Billion in HOME-ARP Grants
After announcing $5 billion in the American Rescue Plan for the HOME Investment Partnerships program in April, the Department of Housing and Urban Development (HUD) made some of the funds available this week.
HUD published the CPD Notice that details the requirements for use of HOME-ARP, which is meant to help communities create affordable housing and services for people experiencing or at risk of homelessness.
“Under the regular HOME program, grantees must wait until their allocation plans are completed and approved by HUD in order to access funds. Given HOME-ARP’s focus on addressing the urgent needs of people experiencing and at risk of homelessness, HUD is providing grantees with 5% of their HOME-ARP grant upfront to support eligible program planning activities related to the development of their HOME-ARP Allocation Plans. Participating jurisdictions will be provided access to the balance of its HOME-ARP grant, including the remaining 10% of its administrative and planning set-aside, after HUD reviews and accepts its HOME-ARP Allocation Plan,” HUD stated in a press release.
HOME-ARP funding can be used for:
- Developing affordable housing and permanent supportive housing;
- Providing tenant-based rental assistance;
- Delivering supportive services; and
- Acquiring and developing non-congregate shelter units.
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