HOME Investment Partnerships (HOME) and National Housing Trust Fund (NHTF)

The HOME program can either preserve or increase the supply of decent, safe and sanitary affordable housing for low-income individuals and families. For preservation projects, Minnesota Housing gives priority in its Multifamily Consolidated RFP to projects faced with risk of opt-out from federal subsidy programs (for example, Section 8). The HOME Program provides financing for any of the following activity types:

• New Construction
• Acquisition with rehabilitation
• Rehabilitation without acquisition

The NHTF program provides opportunities to increase or preserve the supply of multifamily rental housing for extremely low-income families, including families experiencing homelessness.

This program provides funding to add a supply of affordable housing to markets where there is
strong evidence of an inadequate supply. The primary benefit of the NHTF Program is the reduction of the number of families and individuals experiencing homelessness as well as a reduction in the number of families paying a disproportionate share of their income for housing. The NHTF Program provides financing for any of the following activity types:

• New Construction
• Acquisition with rehabilitation
• Rehabilitation without acquisition
• Operating Cost Assistance with one of the above activity types