What is HOME?
Notice of Funding Availability
Click here for the notice in its' entirety.
Download the Affordable Housing Allocation Plan. Click here for the 2017 Tax Credit Application. For questions contact the WCDA office at 307-265-0603 and ask for Edie Philips.
What is HOME?
The HOME Investment Partnerships Program (HOME) is an affordable housing program that allocates funding to individual states and eligible jurisdictions for the following purposes as defined by HUD:
- Expansion of the supply of decent and affordable housing, particularly rental housing, for low and very-low-income Americans.
- Strengthening the abilities of State and local governments to design and implement strategies for achieving adequate supplies of decent and affordable housing.
- Extending and strengthening partnerships among all levels of government and the private sector, including for-profit and non-profit organizations, in the production and operation of affordable housing.
HOME funds are traditionally used as supportive financing in affordable multi-family housing, structured as long term, low interest rate debt though WCDA may define other eligible uses within the Affordable Housing Allocation Plan. Information on how to apply, application deadlines, project scoring criteria and WCDA underwriting requirements can also be found in this document.
The State of Wyoming anticipates receiving an annual allocation in HOME funds of approximately $3,500,000. Refer to the WCDA Affordable Housing Allocation Plan, Current Year Summary Attachment A for actual funding levels. These HOME funds will be allocated to local governments, Community Housing Development Organizations (CHDOs), Public Housing Authorities, Non-profit Organizations and for-profit developers of Low-income housing as described below. All projects outside of Casper and Cheyenne must be developed pursuant to the State's Consolidated Plan for Housing and Community Development. Casper and Cheyenne projects must be developed pursuant to their respective local Consolidated Plans. Projects located in entitlement cities (Cheyenne and Casper) must have a current letter of consistency with the Consolidated Plan from the appropriate Jurisdiction.
For FY 1994 and subsequent years, there are match requirements that must be met under the HOME Program. Matching funds are the local contribution to the project.
Download the HOME Program Description