The program was designed to reinforce several important values and principles of community development:
The City of San José currently dedicates HOME funds for the development of new affordable housing projects, Tenant-Based Rental Assistance (TBRA), and acquisition and rehabilitation of single-family homes (in collaboration with Habitat for Humanity).
Please refer to the HUD Exchange Website for eligible activities and other program areas under HOME.
Low-income Affordable Rental Housing Developments
HOME funds are used for the development of large-scale, low-income rental housing projects. Below is a list of low-income housing projects that have benefited from the use of HOME funds in their development. Please see the List of Affordable Housing Developments for a complete list of all affordable projects in the City of San José.
Tenant Based Rental Assistance (TBRA) Program
HOME permits Participating Jurisdictions (PJs) to create flexible programs that provide assistance to individual households to help them afford the housing costs of market-rate units. TBRA programs differ from other types of HOME rental housing activities in three ways:
The City’s TBRA program assists targeted homeless households specified in the City’s Annual Action Plan. The City also works collaboratively with several agencies which provide case management services for the program’s participants. Clients pay 30% of their income (or a $20/month minimum; whichever is more) towards their total housing costs, and TBRA subsidizes the rest. It is a two year program which can be extended should funds be made available. For more information on Tenant-Based Rental Assistance, see 24 CFR 92.209.
The City has teamed up with Habitat for Humanity to assist in acquiring and rehabilitating single-family homes for low-income homebuyers. Up to six families will be assisted through this homebuyer program.