The HOME Program: HOME Investment Partnerships
The HOME Investment Partnerships Program (HOME) (24 CFR Parts 91 and 92) provides formula grants to states and local governments which are used, typically in partnership with local nonprofit groups and community housing development organizations (CHDOs), to finance a variety of housing activities. These activities include homeowner-occupied housing rehabilitation, homeowner new construction, rental acquisition and rehabilitation, rental new construction, and tenant-based rental assistance.
The Horry County HOME Consortium (HCHC), a public body politic and corporate, with corporate succession, was created in 2017 to assist the low-income and underserved areas of Georgetown, Horry, and Williamsburg Counties of South Carolina in the financing, development, and preservation of affordable housing. The HCHC receives and administers funds provided by the HOME Investment Partnerships Act (HOME Program).
Member jurisdictions of HCHC include Georgetown, Horry, and Williamsburg Counties, as well as the municipalities of Myrtle Beach, Conway, Atlantic Beach, Aynor, Loris, Georgetown, Andrews, Kingstree, Hemingway, Stuckey, Lane, and Greeleyville. Horry County is the designated lead agency for the Consortium. Horry County administers the HOME Program on behalf of the Consortium, and coordinates the planning and administration of HOME Investment Partnership Funds.
The goals for the HCHC focus on decent housing, which includes:
- Retaining the current affordable housing stock;
- Increasing the availability of affordable permanent housing for low and moderate-income families;
- Increasing the supply of supportive housing which includes structural features and services to enable persons with special needs to live in dignity and independence; and
- Creating new affordable housing units.
The Community Development office will begin funding projects and programs to meet the local needs as identified in the Consolidated Plan of 2018-2022, a document required by HUD identifying local community needs.