Housing

HOME Investment Partnerships Program

Nationwide Project Examples

Light Up Your State!

How does the HOME program benefit your state? Submit a project example to COSCDA to show how your agency has made a positive impact through the HOME program. Browse project examples below to learn from successful projects in other states. Once COSCDA receives an example, we will “light up” your state on the map to the right in recognition. 

Project Examples by State

  • Project Name: Dogwood Terrace
  • HOME PJ: Arkansas Development Finance Agency 
  • Location: Siloam Springs, AR

Funding Sources 

  • HOME: $1,813,965
  • LIHTC: $16,188,943

Project Description 

Dogwood Terrace is a multifamily rental property with 112 units. Located in fast growing Siloam Springs, Arkansas, this property will give the community much needed housing for families struggling to find suitable, safe options. 

  • Project Name: El Dorado Family Apartments
  • HOME PJ: California State Department of Housing and Community Development
  • Location: El Centro, CA 

Funding Sources 

  • HOME: $5,100,000 
  • Tax Credit Equity: $2,737,941
  • Boston Capital Finance: $1,125,000 
  • Priority Deferred Developer Fee: $459,583
  • Program Income (City of El Centro): $134,000 

Project Description 

The El Dorado Family Apartments is a multifamily rental, new construction project comprised of eight two-bedroom, seven three-bedroom, and eight four-bedroom apartments, including four accessible units. The predominance of three- to four-bedroom apartments in the unit mix highlights the developers’ strong commitment to achieving the project’s goal of providing housing for families. HOME funding assisted all twenty-three apartments designed to serve eighty-four beneficiaries.

Every unit is built with energy-efficient construction and design features—including blinds, heating, and air conditioning—that help residents stay comfortable even when El Centro’s blazing temperatures soar above 120 degrees. Additionally, a refrigerator, stove, dishwasher, garbage disposal, washer and dryer hookups and a private patio or balcony come standard. On-site, residents have access to a community building containing a shared kitchen, office, computer room, laundry facilities, and exercise room and also can enjoy outdoor spaces including a swimming pool, playground, and covered picnic and barbeque areas. Residents can easily reach schools, public transportation, employment, shopping, a park, and a recreation center conveniently located near the property. 

  • Project Name: Swallow Road Apartments
  • HOME PJ: Colorado Department of Local Affairs, Division of Housing
  • Location: Fort Collins, CO 

Funding Sources 

  • HOME: $840,000
  • Permanent Loan: $7,150,000 
  • City of Fort Collins CDBG: $1,000,000
  • CARE Acquisition Loan: $3,800,000 
  • 4% LIHTC Equity: $8,767,018 
  • Housing Catalyst Loan: $4,780,000 
  • DDF: $584,935

Project Description 

Swallow Road Apartments is multifamily rental property with 84 units, 4 of which were funded through a HOME grant. The apartments house families at 30 – 60% of the area median income (AMI) in 2- and 3-bedroom units. 

  • Project Name: Nickolas’s Story
  • HOME PJ: Georgia Department of Community Affairs
  • Location: Monroe, GA

Funding Sources 

  • HOME funds via the GA CHIP Program: $82,000 
  • Gwinnett-Walton Habitat for Humanity: $83,000 

Project Description 

This project was part of a larger $600,000 grant using HOME funds from the CHIP Program, administered by the Georgia Department of Community Affairs, to the Gwinnett-Walton Habitat for Humanity to construct 7 single-family homes to income eligible buyers in the Atlanta metro area. The goal of the CHIP program is to help build strong, vibrant communities with our partners across the state of Georgia. 

A Home for Hope: Nickolas’s Story 

Nickolas remembers the moment like it was yesterday. He walked into the Habitat for Humanity office with his heart pounding, bracing for disappointment. “I was worried they were going to tell me I wasn’t selected,” he recalls. But instead, he heard the words that would change his life: “Congrats! You’re a future homeowner.”

For Nickolas, a 30-year-old Marine Corps veteran and proud father, that moment marked the beginning of a new chapter—one filled with hope, stability, and the promise of a brighter future. Nickolas served his country from age 18 to 22, and returned home to Monroe, Georgia with a renewed sense of purpose. But his greatest mission began on August 20, 2021, when he welcomed his daughter into the world. “Being a dad is the most important thing to me,” he says with a smile. “I didn’t know what love was until I held her.”

His daughter, now two, is a bundle of joy—curious, fearless, and full of life. She loves dinosaurs, the outdoors, and splashing in the water. While she may be too young to grasp the full meaning of their Habitat home, Nickolas knows this journey will shape her future. Until now, they’ve shared a small apartment with a roommate—grateful for shelter, but yearning for something more permanent, something truly their own.

Thanks to the community-driven efforts of Gwinnett/Walton Habitat for Humanity, that dream is becoming a reality.

On June 7th, under sunny skies in Monroe, volunteers, sponsors, and neighbors gathered to dedicate W18—the home built for Nickolas and his daughter. With humility and gratitude, Nickolas accepted the keys to their new home. “This is about more than just a house,” he shared. “It’s about generational wealth. This is something we can own. My daughter will always have a place to call home.”

Nickolas is eager to learn during the building process—everything from fixing water heaters to landscaping—so he can care for the home they’ll grow in together. As a maple tree was planted in the yard that day, it stood as a symbol of new beginnings and rootedness, a reflection of the future Nickolas is building for his family. 

  • Project Name: Lawson House
  • HOME PJ: Illinois Housing Development Authority (IHDA) 
  • Location: Chicago, Illinois 

Funding Sources 

  • HOME: $1,757,682
  • LIHTC: $22,122,788 
  • Illinois Affordable Housing Tax Credit Equity: $2,443,760 
  • IHDA Risk-Share First Mortgage: $17,200,000

Project Description 

The Lawson House redevelopment involved the transformation of a historic YMCA building into new affordable studio apartments. Originally built in 1931, the 24-story building was once the largest single-room occupancy (SRO) hotel in Chicago, containing 583 sleeping rooms as well as administrative spaces for the YMCA. The renovations converted the SRO units into 409 studio apartments with private kitchens and bathrooms in each unit, replaced all major building systems, and preserved the building’s historically significant spaces. Supportive services for residents are provided on-site by Resident Services Coordinators and include referrals to social security and veterans’ benefits, mental health treatment, medical and dental treatment, employment specialists, transportation services, and more. 

  • Project Name: Little River Landings
  • HOME PJ: Kentucky Housing Corporation
  • Location: Hopkinsville, KY 

Funding Sources 

  • HOME: $500,00
  • State Affordable Housing Trust Fund: $750,000 
  • LIHTC: $1,496,000 

Project Description 

Little River Landings is an 88-unit new construction rental project serving families at or below 60% AMI, consisting of twenty 1-BR, forty two 2-BR, and twenty six 3-BR units. The project is located conveniently near job opportunities, shopping, and recreational activities. The goal of the project is to provide badly needed affordable rental units in a market with a lot of pent up demand and an extremely low capture rate in the market.

  • Project Name: Omega West (Nursing Home to HOME Rentals)
  • HOME PJ: State of Nebraska Department of Economic Development
  • Location: West Point, NE 

Funding Sources 

  • HOME: $478,000
  • LIHTC: $2,349,013
  • First Mortgage: $535,279
  • Private Funds: $262,712

Project Description 

The Omega West Project consisted of the acquisition and redevelopment, conversion and retrofit of the former Premier Estates of West Point Nursing Home into 22 one and two bedroom and studio independent housing units. Vacant nursing homes have become prevalent throughout many rural communities. These buildings present a consistent base architecture, and through this project, the developer demonstrated that they can be converted into rental apartments at approximately 75% of new construction costs. This project demonstrated the efficacy of the conversion and has resulted in 2 additional conversions in Fremont and Milford that leveraged the developer’s learnings at West Point. 

This project was awarded the Nebraska Investment Finance Authority (NIFA) Innovative Project of the Year award at the 2023 annual conference. 

  • Project Name: Wallace Farm Phase II
  • HOME PJ: New Hampshire Housing Finance Authority 
  • Location: Londonderry, NH 

Funding Sources 

  • HOME: $3,000,000 
  • LIHTC: $1,894,000
  • Deferred Developer Fee Loan: $342,680
  • NHHFA Bond Const/Perm: $9,600,000

Project Description 

Wallace Farm Phase II is the second of three phases located on a 25-acre site in the vicinity of exit five on Interstate 93 in Londonderry. A land condominium has been created which allows a division of ownership for the various phases to be built. Phase I is a 96 unit, four building project that was completed in 2017, with financing provided by a private bank. Phase II will consist of 72 units among three buildings, with each 24-unit building being its own condominium. The unit mix within each building is four one-bedroom units and 20 two-bedroom units. 20 of the units are HOME units. 

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  • Project Name: North Country Rural Development Coalition 2022 Homeowner Occupied Rehabilitation Program 
  • HOME PJ: New York State Homes and Community Renewal 
  • Location: Ticonderoga, Essex County, NY

Funding Sources 

  • HOME: $75,727 

Project Description 

Using HOME funds, North Country Rural Development Coalition (NCRD) assisted 4 households to repair their homes to restore them back to safe and habitable conditions. NCRD has played a key role in revitalizing rural communities, assisting families who face challenges in financing necessary home repairs amid escalating rehabilitation costs.

This project was part of a larger $300,000 grant that provided assistance for extensive home repairs to address serious risks to health and safety. The program served low-income households across Essex, Warren, and Washington counties of New York. Qualified households were selected on a first come, first serve basis with priority to families and children living in the home, homeowners over the age of 65, veterans, and households with members who have a disability. 

  • Project Name: State College Acquisition / Rehabilitation – FTHB
  • HOME PJ: PA Department of Community & Economic Development 
  • Location: State College Borough, Centre County, PA 

Funding Sources 

  • HOME: $280,000 
  • Borough Inclusionary Housing (local): $66,870 
  • CHDO Proceeds (private): $5,370 

Project Description 

This project held in partnership with the State College Community Land Trust, which was created over 20 years ago with a mission of creating permanently affordable housing in State College Borough. By acquiring and rehabilitating one or two houses per year, the Land Trust has assisted 68 first-time homebuyer households. The per-unit investment is high due to high costs for housing and due to addressing code violations, lead, radon, asbestos, mold, and wood-destroying pests. The cost includes an Energy+ emphasis to reduce utility costs, thereby lowering housing cost burdens for income eligible households. 

  • Project Name: Granite City Apartments
  • HOME PJ: Vermont Housing and Conversation Board
  • Location: Barre, VT 

Funding Sources 

  • HOME: $585,000 
  • Other Federal Funds: $2,079,479 
  • State/Local Funds: $2,088,330 
  • Private Loans: $2,200,000 
  • Private Grants: $18,801 
  • LIHTC: $3,301,987

Project Description 

Granite City Apartments is a scattered-site rehabilitation project with a total of 27 units. The project has 9 new rental units affordable to very low and extremely low-income households and extends the life of 18 existing affordable rental units. Seven of the 27 units are HOME-assisted. The project strongly aligns with the city’s housing goals to invest in the city’s existing housing stock, protect and enhance the character of residential neighborhoods, and promote a balanced and diverse housing stock. 

  • Project Name: Ballington Flats (formerly known as VOA North) 
  • HOME PJ: Washington State Department of Commerce, Housing Division, Multifamily Housing Unit 
  • Location: Burlington, WA 

Funding Sources 

  • HOME: $2,000,000
  • State HTF: $12,858,202
  • Commerce CHIP: $1,396,231
  • City of Burlington: $1,150,000 
  • Skagit County: $1,996,907
  • Home Depot: $180,000 

Project Description 

This project will serve households below 30% and 50% AMI. It will offer 42 one-bedroom and two-bedroom apartments with 12 units set-aside for homeless Veterans. The project will also offer wrap-around resident services and case management provided by Volunteers of America Northern Washington. The need for this project stems from Skagit County’s critical shortage of affordable housing. The County’s 5-Year Homeless Housing Plan identified two of the biggest drivers of homelessness as being the lack of diverse housing options, particularly for low to moderate-income families, and extremely low vacancy rates for all housing types. VOA North will help address this issue by providing affordable, safe, and stable housing for communities most impacted.

  • Project Name: The Meadows Apartments
  • HOME PJ: Wisconsin Department of Administration, Division of Energy, Housing and Community Resources 
  • Location: Darlington, WI 

Funding Sources 

  • HOME: $500,00
  • Additional funding from LIHTC and USDA

Project Description 

The Meadows is a 32-unit multifamily rental building with units set aside for households with at least one member working in (or retired from) the agricultural industry (farm laborer, trucking, cheese production, etc.). These apartments not only benefit the community but provide housing for agricultural and dairy farm workers in Lafayette County.

In Lafayette County agricultural workforce: 

  • Agriculture makes up 54% of jobs 
  • There are 13 dairy production plans 
  • $12/hour average wage for dairy farm workers 
  • 34% employee turnover rate on dairy farms (versus 19% in other industries)