Using Your HOME Dollars for Rental Production: A Planning Paper for Local Policy Makers
March 2004 (20 pages)
March 1, 2004
This paper is intended to help local officials think about how to use their HOME dollars for the production of affordable rental housing. The paper provides a framework for decision-making by housing planners and program administrators in the local communities that receive allocations of federal dollars each year under the HOME Investment Partnership Program. It is based on research and theory about where and for whom the development of subsidized rental housing is most effective. The paper draws on an extensive literature review and empirical analysis conducted for HUD’s Office of Policy Development and Research in 2003 and early 2004.