[1] It is the largest Federal block grant to states and local governments designed exclusively to create affordable housing for low-income families, providing approximately US$2 billion each year.
[1] The government designed and implemented the HOME program to increase the amount of affordable housing for U.S citizens, especially those below the national and state poverty guidelines.
The program has four main objectives:[1] HOME funds can enable a broad range of eligible activities that provide affordable housing.
The program is conducted by non-federal US governmental jurisdictions, such as states, cities, urban counties, and so forth, that receive an allocation of federal benefits from HUD.
[2] However, federal regulations require that every single government that receives funds must provide 25 cents on their own for every HOME dollar used.