HOME-Tentant Based Rental Assistance (TBRA)
The HOME Investment Partnerships Program (HOME) offers critical funding and resources to developers, local governments, and community organizations for the creation and preservation of affordable housing. By supporting a range of activities such as new construction, rehabilitation, and tenant-based rental assistance, HOME plays a vital role in addressing the housing needs of low-income families, seniors, and individuals in Arkansas.
About the Program
HOME Investment Partnerships Program (HOME) permits Participating Jurisdictions (PJs) to create flexible programs that provide assistance to individual households to help them afford the housing costs of fair market rental units. This program is known as "Tenant-Based Rental Assistance," or TBRA. HOME TBRA programs differ from other types of HOME rental housing activities in three keyways:
* TBRA programs help individual households, rather than subsidizing particular rental projects.
* TBRA assistance moves with the tenant—if the household no longer wishes to rent a particular unit, the household may take its TBRA and move to another rental property.
* The level of TBRA subsidy varies—the level of subsidy is based upon the income of the household, the particular unit the household selects, and the PJ’s rent standard (rather than being tied to the PJ’s high and low HOME rents).
The TBRA programs provides payments to make up the difference between the amount a household can afford to pay for housing and the local rent standards. TBRA programs help tenants pay for costs associated with their housing, such as security and utility deposits.
Public Housing Authorities and Non-profits
Tenant Based Rental Assistance (TBRA) funding will be in the form of a grant.