What is the goal of the HOME program?

The goal of the HOME program is to strengthen public/private partnerships to create affordable housing for low-income families. This program, established under the Cranston-Gonzalez National Affordable Housing Act of 1990, provides federal funding to states and local governments to assist in developing, rehabilitating, and acquiring affordable housing.

By focusing on partnerships, the HOME program encourages collaboration between government entities and private developers, non-profit organizations, and community-based groups. This collaboration is essential for addressing the diverse housing needs of low-income families, helping them gain access to safe, decent, and affordable housing. The program also emphasizes the importance of leveraging funds, promoting cost-effective solutions, and fostering community participation in the housing development process, which plays a crucial role in expanding affordable housing options.

The other choices do not align with the primary purpose of the HOME program. For instance, while providing housing for veterans is important, it does not encapsulate the broader mission of the program. Similarly, mandating affordable housing in all new developments does not reflect the collaborative approach of the HOME program. Lastly, funding luxury housing projects is contrary to the program's goal of assisting low-income families in need of affordable housing options.