The HOME Housing Production Investment Fund provides funding to affordable housing developers for the purpose of creating affordable rental and for- sale housing throughout New Jersey . Funding is provided through the U.S. Department of Housing and Urban Development.

Funds are targeted to:
Applications to the Balanced Housing program that are feasible, but for which state funds are not available;

Applications from developers in municipalities where there is a demonstrated need for affordable housing, but are not eligible for Balanced Housing funds; and

Areas where there is demonstrated need for affordable housing and other sources of federal funds, such as HOME and Community Development Block Grants, are not available from the local jurisdiction.

The program is administered in accordance with the Balanced Housing Program rules and regulations, see link below, and the federal HOME regulations.