The HOME Investment Partnerships Program (HOME) administered by DHCD's Housing Development Division is intended to assist Prince George's County in expanding the supply of decent, affordable housing for our low and very low-income families.
Prince George's County, through a formula-driven measure, considers the relative inadequacy of each jurisdiction's housing supply, its incidence of poverty, its fiscal distress and other factors, is eligible to receive approximately $3.5 million annually from a Federal Housing and Urban Development (HUD) appropriation.
Photo: Left - The Lewis - a 137 unit senior apartment building located in Suitland, MD. Opened for occupancy in August 2022.
Financial assistance is provided to eligible projects and beneficiaries in the form of interest bearing loans. The amount of financial assistance is determined on a project-by-project basis, throughout the fiscal year, and provided according to the HOME Subsidy Limits.
To ensure that HOME investments yield affordable housing over the long term, the County requires that the minimum or greater affordability period for each type of eligible activity be incorporated into each project. Also, the County requires each HOME-funded project to be in compliance with Federal Laws and Regulations that govern the HOME Program. HUD Exchange: https://www.hudexchange.info/programs/home/