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Programs • Details


Program Name HOME Affordable Housing Development
Section Housing Development
Mission

HOME is a flexible program designed to work in partnership with local nonprofit and/or for-profit groups to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or home ownership.

Requirements
  • Applicant must agree to comply with all HOME Program rules and regulations.
  • Applications will be reviewed on a rolling basis by the Project Review Team.
  • Projects will be selected based on predetermined prioritization factors including property location, project size, and amount of funding requested.
  • A combination of loans and/or grants may be offered as part of the total financing package.
  • Developers are encouraged to seek additional funding sources.
Eligibilty/Purpose
  • Expand the supply of affordable, decent, safe and sanitary housing.
  • Preserve and improve the existing residential areas through rehabilitation of existing housing.
  • Strengthen public-private partnerships to further affordable housing development.
  • Promote the development of Community Housing Development Organizations (CHDO's) and their role as affordable housing developers and sponsors.
  • Provide gap financing that will make housing development feasible with costs affordable to low income residents.
Process

Contact the City of Worcester Division of  Housing Development to determine whether your proposed project may be eligible and how to apply:

Division of Housing Development
City Hall 4th Floor
455 Main Street
Worcester, Massachusetts 01608
Telephone: (508) 799-1400
Fax: (508) 799-1406
development@worcesterma.gov

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