The home investment partnerships program (home) provides need-based formula grants to states and local governments that are used to fund activities including building, buying, and/or rehabilitating…

The U.S. Department of Housing and Urban Development's Community Planning and Development division awarded $6.37 million to the South Carolina State Housing Finance & Development Authority under the Home Investment Partnerships Program (CFDA 14.239) on September 17, 2025. This formula grant, which obligates funds through September 30, 2034, supports the development and preservation of affordable housing for low- and extremely low-income households throughout South Carolina. The funding finances a range of housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance to eligible populations.

As a participating jurisdiction, the South Carolina State Housing Finance & Development Authority may undertake HOME-funded projects directly or distribute funds to developers, nonprofit organizations, and community partners to implement affordable housing initiatives. All projects funded through this award must comply with federal income targeting requirements, ensuring that at least 90 percent of rental units and rental assistance focus on households at or below 60 percent of area median income. Additionally, housing assisted through these funds must maintain affordability for five to twenty years depending on the type of activity and level of HOME funding contribution, with the Authority required to maintain compliance documentation and submit annual action plans to HUD throughout the performance period.

Activities

Home funds are used to finance a wide variety of affordable housing activities including rehabilitation of owner-occupied housing; assistance to homebuyers; acquisition, rehabilitation, or construction of rental housing; and tenant-based rental assistance. Projects that use home funding must meet certain income targeting and affordability requirements. Home assisted housing must also meet certain definitions of affordability and must continue to remain affordable to low-income households for 5, 10, 15, or 20 years depending on the type of activity for which funds are used and the amount of home funding contributed to the project. Participating jurisdictions (PJS) can undertake home projects directly or provide home funds to developers or owners of affordable housing or other partners. Home funds are typically provided as grants, various types of loans, loan guarantees to lending organizations, interest rate subsidies, or equity investments.

Expected outcomes

Based on the priorities identified in a five-year consolidated plan and annual action plan submitted to HUD, participating jurisdictions use home funds to acquire owner or renter occupied housing in standard condition to be occupied by low-income households; newly construct or rehabilitate affordable rental or owner-occupied housing, provide homeownership assistance to low-income homebuyers, and/or provide tenant based rental assistance to low-income households. By statute, each participating jurisdiction must reserve at least 15 percent of its home funding for projects owned, developed, or sponsored by community housing development organizations (chdos). Additionally, a participating jurisdiction may use up to 10 percent of its home allocation for program administration. The quantifiable results of this program change on a constant basis. However, they can be tracked via the home national production report. This monthly cumulative summary report of home data by federal fiscal year (FY) includes: allocations, commitments, disbursements, leveraging ratios, low-income benefit, committed funds by activity type, and home cost per unit by tenure and activity type. The monthly report can be reviewed at https://WWW.hudexchange.info/programs/home/home-national-production-reports/

Intended beneficiaries

All home assisted housing units must benefit households with incomes at or below 80 percent of area median income. Additionally, 90 percent of occupants of home assisted rental units and households that receive tenant-based rental assistance must have incomes at or below 60 percent of area median income. Home funds are often used to assist persons or households with special needs.

Subrecipient activities

The subrecipient activities are unknown at the time of award.