24 C.F.R. § 92.1
§ 92.1 Overview. (24 CFR Part 92)
Operative Text
This part implements the HOME Investment Partnerships Act (the HOME Investment Partnerships Program). In general, under the HOME Investment Partnerships Program, HUD allocates funds by formula among eligible State and local governments to strengthen public-private partnerships and to expand the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing, for very low-income and low-income families. Generally, HOME funds must be matched by nonfederal resources. State and local governments that become participating jurisdictions may use HOME funds to carry out multi-year housing strategies through acquisition, rehabilitation, and new construction of housing, and tenant-based rental assistance. Participating jurisdictions may provide assistance in a number of eligible forms, including loans, advances, equity investments, interest subsidies and other forms of investment that HUD approves.
Section 92.1 of 24 CFR Part 92 establishes the overarching framework for the HOME Investment Partnerships Program, through which HUD distributes funds by formula to eligible state and local governments. The program's central purpose is to expand the availability of decent, safe, and affordable housing—with a particular emphasis on rental housing for very low- and low-income families. Participating jurisdictions must generally supplement HOME funds with nonfederal matching resources, and may deploy those funds through activities such as acquisition, rehabilitation, new construction, and tenant-based rental assistance in a variety of approved investment forms.
Plain English — not legal advice.
Property owners and developers working with participating jurisdictions under 24 CFR Part 92 § 92.1 should understand that HOME funds flow through state and local governments, not directly from HUD to private parties. Compliant operators engaging with HOME-assisted projects typically work within the specific program rules set by their participating jurisdiction, which may structure assistance as loans, equity investments, interest subsidies, or other HUD-approved forms. Because the program prioritizes rental housing for very low- and low-income families, operators generally ensure their projects meet the income-targeting and affordability requirements established downstream from this overview provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under 24 CFR Part 92 § 92.1, the HOME program is designed in part to expand affordable rental housing options for very low- and low-income families, meaning tenants in HOME-assisted units may have certain protections and eligibility rights tied to this framework. Tenants who believe a property receiving HOME assistance is not being operated in accordance with program requirements can raise concerns with their local participating jurisdiction or a local housing authority, since those entities administer the funds at the ground level. Tenant-rights organizations familiar with HUD programs can help individuals understand how the broader HOME framework described in § 92.1 connects to the specific rules that govern their housing situation.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 4, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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