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Horry County HOME Consortium - Solicitation for Homeowner and TBRA Projects

On September 4, 2020 in County News

HORRY COUNTY HOME CONSORTIUM COMPETITIVE APPLICATION FOR HOMEOWNER PROJECTS AND TENANT BASED RENTAL ASSISTANCE (TBRA) IS NOW OPEN

The Horry County HOME Consortium is seeking applications under the HOME Investment Partnerships Program (HOME) for homeowner projects and tenant based rental assistance projects.  This application process will focus on homeowner construction projects as well as Tenant Based Rental Assistance (TBRA). 

HOME funds may be used to develop affordable homeownership housing through the acquisition, new construction, reconstruction, or rehabilitation of affordable housing.  Activities may include real property acquisition, site improvements, new construction, rehabilitation, reconstruction, conversion, and other expenses including financing costs and temporary relocation expenses of any households, businesses, or organizations.

The TBRA program provides for payments to make up the difference between what a household can afford to pay for housing and the local rent standard. TBRA funds may be used to provide rental assistance to help pay the cost of monthly rent and utility costs, and to pay security deposit assistance to tenants regardless of whether rental and utility subsidies are being provided. Utility deposit assistance may be provided only in conjunction with rental assistance subsidy or security deposit assistance, and cannot be a stand-alone TBRA activity.

The deadline for applications is September 30, 2020 at 5 PM.

Additionally, applications for Community Housing Development Organization CHDO certification and CHDO operating assistance are available for qualifying organizations with a CHDO-eligible project submission. Applications and reference documentation are also available at: https://www.horrycounty.org/Departments/CDBG.  For more information on HOME Program eligibility and requirements, please visit the Community Development Webpage or visit the HUD Exchange




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