2023-2025 Gastonia-Gaston HOME Consortium
The Gastonia-Gaston HOME Consortium is a group of contiguous units of local government agencies that enter into an agreement which allows for qualification to receive federal funding from the U.S. Department of Housing and Urban Development (HUD). The agreement is valid for a three-year period and includes Gastonia, Gaston County, Belmont, Bessemer City, Cherryville, Cramerton, Dallas, Kings Mountain, Lowell, McAdenville, Mount Holly, Ranlo, and Stanley, with the City of Gastonia serving as the lead entity. This collective local government alliance is beneficial in that it allows smaller communities that do not meet the minimum threshold for funding to assume a more regional, collaborative approach to meeting the affordable housing needs of its communities.
A HOME Consortium agreement must be renewed every three years and the renewal process may vary depending upon the addition of a new member or decision of non-renewal by an existing member. The lead entity receives the direct annual allocation of HOME Investment Partnerships (HOME) Program funds that are used for programs and activities within each participating local government jurisdiction. The HOME Consortium funding falls within three basic categories:
Eligible costs necessary to support the conduct of carrying out programs and activities.
Core Programs are provided directly to eligible families.
Community Housing Development Organization (CHDO) Projects
15% of the total allocation of HOME funds are used to fund CHDO projects. CHDO funds are awarded to eligible organizations through a competitive process and funding is open to nonprofit and for profit developers based on availability.
A renewal agreement for 2023-2025 is underway with no proposed change in membership and must be submitted to HUD by June 30, 2022.