HUD Opens Access to $5B in American Rescue Plan Grants to Prevent Homelessness

HUD recently published Notice CPD-21-10, Requirements for the Use of Funds in the HOME-American Rescue Plan Program. The notice establishes rules for granting the $5 billion provided under the American Rescue Plan Act through the HOME Investment Partnerships Program (HOME). HOME provides formula grants to states and localities that communities use, often in partnership with local nonprofit groups, to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people.