The City of Bakersfield is accepting applications for its HOME Investment Partnership Program (HOME) which is funded through the U. S. Department of Housing and Urban Development (HUD).
Donor Name: City of Bakersfield
Type of Grant: Grant
Deadline (mm/dd/yyyy): 12/23/2021
The HOME Investment Partnership Program (HOME) was created to:
- Provide decent affordable housing to low- and moderate-income households;
- Expand capacity of nonprofit housing providers;
- Strengthen the ability of state and local governments to provide affordable housing; and
- Leverage private sector participation in affordable housing production.
The HOME Program funds a variety of housing activities, such as:
- Rehabilitation, improvement, or modification of an existing residential structure;
- Conversion of an existing structure from an alternative use to affordable, residential housing;
- Reconstruction or rebuilding a residential structure on the same lot and for the same usage as the former structure (number of units in new structure must be similar to previous structure);
- New Construction of housing units – funding cannot be used for existing properties even if they are newly constructed. In order for a project to be considered eligible, construction activities may only commence following approval of funding, the appropriate environmental review, and a Notice to Proceed from the City of Bakersfield;
- Tenant-based Rental Assistance (TBRA);
- Acquisition of property is eligible either as part of a homebuyer program or a rental housing project;
- Acquisition of vacant land using HOME funds may be accomplished only if construction will begin on a HOME eligible project within 12 months of purchase;
- Building of new, on-site infrastructure (sidewalks, sewer and water lines, utility connections, etc.) where they had not previously existed is permissible only when such improvements are essential to the development of the project;
- Demolition of a structure is an eligible HOME activity only if construction will begin on the HOME eligible project within 12 months of the demolition;
- Relocation payments and other relocation assistance, both permanent and temporary, are eligible costs;
- Project soft costs such as private lender origination fees, credit reports, title reports and updates, recordation fees, appraisal fees, attorney’s fees, etc., are eligible HOME expenses.
- Provide area map(s) identifying the project location and the area boundaries to be served by the project.
- Describe who will benefit from this project (i.e., residents of a given area, specific age group, ethnic group, disabled persons, etc.).
- Describe how low- and moderate-income persons (≤ 80% of median income) will benefit from this project and how this can be verified.
- Estimate number of persons and/or households benefitting from the project.
Please attach a project implementation schedule outlining the anticipated start and ending dates for each applicable activity: property acquisition, facility design, construction, or installation (note: City’s fiscal year starts July 1 and ends June 30).
Eligible Program Beneficiaries
The HOME Program beneficiaries are homeowners and tenants with annual (gross) incomes no greater than 80% of median income.
For more information, visit City of Bakersfield.