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THE ROOTS

HOME Program

All Terms
ProfessionalGovernment Programs & AssistanceBuying

Definition

HUD program providing grants to states and localities for affordable housing construction and rehabilitation.

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About this term

HOME grants finance affordable housing for homebuyers and renters. Program supports first-time buyer down payment assistance. Grants require local match funding. HOME funding varies by jurisdiction and funding cycles.

Pro Tip

Inquire about HOME grant programs in local area; assistance available for qualified buyers.

Example

Local HOME grant supporting down payment assistance for first-time homebuyers in target area.

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