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HOME Match

All participating jurisdictions (PJs) must contribute or match no less than 25 cents for each dollar of HOME funds spent on affordable housing. As PJs draw funds from HOME Investment Trust Funds, they incur a match liability, which must be satisfied by the end of each Federal fiscal year. The matching contribution adds to the resources available for HOME-assisted or HOME-eligible projects, and must come in the form of a permanent contribution to affordable housing. Generally, investments from State or local governments or the private sector qualify as matching contributions, whereas Federal funds (such as CDBG) do not qualify. Eligible sources of a match for HOME funds include: Cash; donated construction materials or volunteer labor; value of donated land or real property; value of foregone interest, taxes, fees, or charges levied by public or private entities; Investments in on-or offsite improvements; proceeds from bond financing; the cost of supportive services provided to families living in HOME units; and the cost of homebuyer counseling to families purchasing HOME-assisted units.

The HOME statute provides for a reduction of the matching contribution requirement under three conditions: 1) fiscal distress; 2) severe fiscal distress; and 3) for Presidentially-declared major disasters covered under the Stafford Act.

For more information on Match requirements, see 24 CFR 92.218

To request a match reduction, please contact your local field office.

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Match Reductions for FY 2015

Local Jurisdictions

When a local jurisdiction meets one of the distress criteria, it is determined to be in fiscal distress and receives a 50 percent reduction of match. If a local jurisdiction satisfies both of the distress criteria, it is determined to be in severe fiscal distress and receives a 100 percent reduction of match.

  • FY 2015 Calculations
    • FY 2015 family poverty rate and per capita income (PCI) income were based on data obtained from the ACS 2007-2011 5-Year Estimates from Census. These were the latest data available at the time.
    • For a jurisdiction to qualify as distressed based on the poverty criterion, its percent of families in poverty must have been at least 14.08 percent, which is 125 percent of the average national rate for families in poverty of 11.26 percent.
    • For a jurisdiction to qualify as distressed based on the PCI criterion, its average PCI must have been less than to $20,885, which is 75 percent of the average PCI of 27,846.

State Jurisdictions

For a state to qualify under the personal income growth rate criterion, the state's rate must be less than 75 percent of the average national personal income growth rate during the most recent four quarters.

  • FY 2015 Calculations
    • The FY 2015 personal growth rate was based on data received from the beginning of the second quarter of 2013 to the end of the second quarter of 2014s. These were the latest data available at the time.

For a state to qualify as distressed based on the personal income growth rate, the state per capital income growth rate must have been less than 3.04 which is 75 percent of the average national personal income growth rate of 4.05.

FY 2015 HOME Match Reductions

This list includes match reductions granted for FY 2015 due to fiscal distress, severe fiscal distress, and Presidential disaster declarations. For those PJs with both fiscal distress and Presidential disaster match reductions, the PJ may take the higher match reduction for the current fiscal year.

Note: Since match reductions due to major Presidential disaster declarations are requested by PJs and granted by field offices at any time during the fiscal year, this list will be updated as needed.

Date Published: February 2015

Match Reduction Historical Information

FY 2014 HOME Match Historical Information

Date Published: June 2015

FY 2013 HOME Match Historical Information

Date Published: June 2015

FY 2012 HOME Match Historical Information

Date Published: March 2013

FY 2011 HOME Match Historical Information

Date Published: March 2012

FY 2010 HOME Match Historical Information

Date Published: November 2010

FY 2009 HOME Match Historical Information

Date Published: October 2009

FY 2008 HOME Match Historical Information

Date Published: April 2008

FY 2007 HOME Match Historical Information

Date Published: July 2007

FY 2006 HOME Match Historical Information

Date Published: March 2006

FY 2005 HOME Match Historical Information

Date Published: February 2005

FY 2004 HOME Match Historical Information

Date Published: April 2004

FY 2003 HOME Match Historical Information

Date Published: April 2003

FY 2002 HOME Match Historical Information

Date Published: November 2002

Policy Guidance


HOMEfires

HOMEfires Vol. 3, No. 6: HOME Match Obligations Deadline

Why must HOME PJs, which are permitted to determine the start date of the program year for their HOME and other CPD programs, meet their HOME match obligations based upon the Federal fiscal year (October 1-September 30)?

Date Published: May 2001

HOME CPD Notices

Notice CPD-07-05: HOME Match Reductions for Fiscal Distress and for Presidentially-Declared Disasters under the Stafford Act (Supersedes CPD Notice 04-06)

The purpose of this Notice is to: (1) provide match reductions for HOME PJs satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulations; and, (2) inform Field Offices how to notify Headquarters of match reductions approved by Field Offices for Presidentially-declared major disasters under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.

Date Published: July 2007

Notice CPD-04-06: HOME Match Reductions for Fiscal Distress for Presidentially-Declared Disasters under the Stafford Act

The purpose of this Notice is to: (1) provide match reductions for HOME PJs satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulations; and, (2) inform Field Offices how to notify Headquarters of match reductions approved by Field Offices for Presidentially-declared major disasters under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.

Date Published: June 2004

Notice CPD-03-07: HOME Match Reductions for Fiscal Distress for FY 2002 and 2003, and for Major Presidentially-Declared Disasters under the Stafford Act (Supersedes CPD Notice 02-01)

This Notice provides match reductions for HOME Program participating jurisdictions (PJs) satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulation

Date Published: July 2003

Notice CPD-02-01: HOME Match Reductions for Fiscal Distress for FY 2001 and 2002: and Presidentially-Declared Disasters (Supersedes CPD Notice 01-06)

The purpose of this Notice is to provide match reductions for HOME PJs satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulations. 

Date Published: April 2002

Notice CPD-01-06: HOME Match Reductions for Fiscal Distress for FY 2000 and 2001, and Presidentially-Declared Disasters (Supersedes CPD Notice 00-08)

The purpose of this Notice is to provide match reductions for HOME PJs satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulations. 

Date Published: May 2001

Notice CPD-00-08: HOME Match Reductions for Fiscal Distress for FY 1999 and 2000, and Presidentially-Declared Disasters (Supersedes CPD Notice 99-06)

This Notice serves to describe the following processes: designating new PJs; reserving and obligating HOME Program funds; reallocating funds; using Attachment A of the HOME Investment Partnership Agreements; and numbering form HUD-40093. 

Date Published: June 2000

Notice CPD-99-06: HOME Match Reductions for Fiscal Distress for FY 1998 and 1999, and Presidentially-Declared Disasters (Supersedes CPD Notice 98-08)

The purpose of this Notice is to provide match reductions for HOME PJs satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulations. 

Date Published: July 1999

Notice CPD-98-08: HOME Match Reductions for Fiscal Distress for FY 1997 and 1998, and Presidentially-Declared Disasters (Supersedes CPD Notice 97-04)

The purpose of this Notice is to provide match reductions for HOME PJs satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulations. 

Date Published: June 1998

Notice CPD-97-04: HOME Match Reductions for Fiscal Distress for FY 1996 and 1997 and Presidentially-Declared Disasters

The purpose of This Notice is to provide match reductions for HOME Program participating jurisdictions (PJs) satisfying the distress criteria in accordance with 24 CFR 92.222 of the HOME Program regulations.  

Date Published: April 1997

Notice CPD-97-03: HOME Program Match Guidance (Supersedes CPD Notice 95-01)

This Notice provides guidance to PJs on identifying eligible sources of matching contributions, calculating the value of matching contributions, determining the point at which a contribution may be recognized as match, and tracking matching obligations and contributions.

Date Published: March 1997

Guidebooks and Training Manuals

Building HOME: A HOME Program Primer - Training Manual and Slides

This training provides an overview of the HOME Program, including changes made to the regulations in 1996 with the publication of the HOME Final Rule.

Date Published: February 2012

Templates and Forms

HUD Form 40107-A - HOME Match Report

This form is completed by the PJ to report match contributions for the past Federal fiscal year.

Date Published: July 2010