HOME Investment Partnerships (HOME) and National Housing Trust Fund (NHTF)

The program can either preserve or increase the supply of decent, safe and sanitary
affordable housing for low-income individuals and families. For preservation projects,
Minnesota Housing gives priority in its Multifamily Consolidated RFP to projects faced with risk of opt-out
from federal subsidy programs (for example, Section 8). The HOME Program provides financing for any
of the following activity types:

• New Construction
• Acquisition with rehabilitation
• Rehabilitation without acquisition

Provides opportunities to increase or preserve the supply of multifamily rental housing for extremely low- and very low-income families, including families experiencing homelessness.

This program provides funding to add a supply of affordable housing to markets where there is
strong evidence of an inadequate supply. The primary benefit of the NHTF Program will be the
reduction of the number of families and individuals experiencing homelessness as well as a reduction in the number of families paying a disproportionate share of their income for housing. The NHTF Program provides financing for any of the following activity types:

• New Construction
• Acquisition with rehabilitation
• Rehabilitation without acquisition
• Operating Cost Assistance with one of the above activity types