2024 HOME CHDO Program

The HOME Investment Partnerships Program (HOME) is intended to: 1. Provide funds to eligible recipients for acquisition, construction, and production of affordable housing to increase the supply of decent, safe, and sanitary housing for low-to-moderate income Nebraskans. 2. Promote and advance the goals of the 2020-2024 Nebraska Consolidated Plan for Housing and Community Development; and 3. Provide a mechanism to leverage private investment in the development of affordable housing.

Eligible Activities Include: Construction costs for newly constructed homes for potential home buyers at or below 80% Area Median Income (AMI) (Development subsidy, gap subsidy, buyer assistance, and closing costs)

2024 Program Year HOME funds reserved for CHDO activities through the CHDO Program cycle is $2,010,000. Each eligible applicant can apply for a maximum activity grant amount of $650,000 and up to $20,000 in Organizational Operating, for a total of no more than $670,000 per project. Application Round will be open until the 2024 Program Cycle funds are committed.

Open Cycle thru June 1, 2025.

Failure of the Application to meet all of the threshold requirements (threshold questions) will result in the Application not being funded during the 2024 HOME CHDO Cycle.

For program guidelines, please refer to: https://opportunity.nebraska.gov/programs/housing/home/

Eligible applicants include community-based non-profit 501(c)(3), 501(c)(4), or section 905 (subordinate organization of a 501(c) organization) organizations with the provision of decent housing that is affordable to low- and moderate-income persons among the purposes of the organization. In addition, these organizations must meet and satisfactorily demonstrate the prescribed requirements in these guidelines. The Nebraska Department of Economic Development (DED or “the Department”) determines nonprofit organizations as an eligible CHDO as defined in the HOME Investment Partnerships Program 2013 Final Rule Subpart A, §92.2.

Resources: General and Program specific user guides and videos can be found at https://opportunity.nebraska.gov/amplifund/. Statewide Relay System: Individuals, who are hearing and/or speech impaired and have a TTY, may contact the Department through the Statewide Relay System by calling (800) 833-7352 (TTY) or (800) 833-0920 (voice). The relay operator should be asked to call DED at (800) 426-6505 or (402) 471-3111.