HOME Investment Partnerships Program

(HOME)

Department of Housing and Urban Development

Proposed Cut

$1.3B

% Reduction

100.0%

Action Type

elimination

Who Is Served

1.39 million homes financed since 1992; 404,000 families receiving rental assistance; leverages $4.52 per federal dollar

Summary

The HOME Investment Partnerships Program is HUD's largest federal block grant to state and local governments for building, rehabilitating, and providing rental assistance for affordable housing aimed at low-income families. The FY2027 budget proposes eliminating the program entirely, cutting its $1,300 million (about $1.3 billion) in annual funding by 100% and ending the federal grant so that, in the administration's framing, affordable housing investment shifts to the private sector.

Who Is Affected

Since 1992, HOME funds have helped finance more than 1.39 million homes and provided rental assistance to over 404,000 families, according to the National Council of State Housing Agencies. States and hundreds of local 'participating jurisdictions' that receive HOME formula grants each year -- including many small and rural communities with few other affordable-housing funding sources -- would lose this dedicated federal support.

What this cut would actually mean

HOME dollars typically serve as gap financing that makes other affordable housing deals possible, and the program is estimated to leverage about $4.52 in additional investment for every federal dollar spent; eliminating it removes that catalytic funding, so many rental and homeownership projects that depend on it to 'pencil out' financially would stall or never get built. Communities, especially smaller and rural ones without access to other federal housing tools like Low-Income Housing Tax Credits, would see fewer new affordable units, less home rehabilitation, and reduced rental assistance for low-income families.

Sources

HOME Investment Partnerships Program FAQs — NCSHA — Provides the cumulative program figures: more than 1.39 million homes financed and rental assistance for over 404,000 families since 1992.
Department of Housing and Urban Development (HUD) FY2027 Budget Request: In Brief — CRS/Congress.gov — Congressional Research Service report confirming HOME's FY2026 funding level of $1.3 billion and that the FY2027 budget request eliminates the program.
President Trump's FY2027 Budget: Overview of Housing Programs — Bipartisan Policy Center — Confirms the FY2027 budget eliminates HOME along with CDBG and PRO Housing as part of broader HUD funding cuts.
Trump Administration Releases Full FY2026 Budget with Devastating Proposed Cuts to Housing and Community Development Programs — NAHRO — Details the administration's proposal to eliminate the HOME program and describes likely effects on local affordable housing production.
HOME: HOME Investment Partnerships Program — HUD Exchange — HUD's own program page describing HOME as a formula grant to state and local governments to create affordable housing for low-income households.