Study of Homebuyer Activity through the
HOME Investment Partnerships Program(January 2004, 215p.)
One of the most flexible forms of federal funding for homeownership housing is the HOME Investment Partnerships
program. HOME enables local governments to design homebuyer programs that best meet local needs and market conditions. Since
1990, when the HOME program was enacted, HOME has helped over one-quarter million families buy a home of their own. HOME funds
have been used for downpayment, closing cost, acquisition, development, rehabilitation, interest subsidy, loan guarantee
and lease/purchase assistance. While HUD has been able to track the broad uses of HOME funds for homeownership, only limited
information has been available about local homeownership strategies. This study was designed to examine the choices local
governments are making and how these choices are promoting long-term affordable homeownership. The final report is a
comprehensive description of this research and its findings.
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