For Rural Arizona Communities
The HOME Investment Partnerships Program is the largest federal
block grant to state and metropolitan local governments designed
exclusively to create affordable housing for low-income households.
A block grant is a federal grant made by formula every year that
gives a grantee discretion to undertake specific activities.
HUD provides HOME block grant funds directly to urban areas and
to the Arizona Department of Housing. The state combines its HOME
funds with State Housing Trust Funds (made possible by unclaimed
property tax proceeds) and provides these resources to applicants
on a competitive basis. Both urban and rural areas can apply to
the state for funding. Local and county governments, tribal governments,
housing authorities, councils of governments and nonprofit organizations
are eligible applicants.
The amount of HOME funding Arizona receives each year is determined
by a need-based formula as verified by US Census data released every
10 years. In 2002, the State of Arizona received $6.9 million. In
2003, the state is expected to receive approximately $8.3 million
in part due to rapid population growth occurring from 1990 to 2000.
Funding from the HOME Investment Partnership Program can be used
for homeowner and rental housing development, as well as owner-occupied
housing rehabilitation. By federal law, 15 percent of HOME funding
is set aside for Community Housing Development Organizations, which
are nonprofits especially created to undertake housing development.
HUD also provides block grant funds through the State of Arizona
to prevent homelessness and to assist persons with HIV/ AIDS through
the HUD Special Needs Assistance Programs. For more information,
about the programs, contact the Arizona Department of Housing.
|