Homeownership and Opportunity for People Everywhere (HOPE I): This program provided planning and implementation grants for homeownership programs to public housing authorities, resident management corporations, resident councils, non-profit organizations, housing cooperatives, and public entities. These grants were last awarded in 1994.
Multifamily Homeownership (HOPE II): This program provided homeownership assistance to low-income families with incomes up to 80 perdent of the Area Medium Income (AMI). The program aimed to empower low-income families to become homeowners through planning and implementation grants to organizations that will help individual families in government-insured or -owned or Federal Housing Adminstration distressed multifamily buildings to maintain their homes and properties. No funding has been appropriated since 1995.
Single Family Homeownership (HOPE III): This program was a national program offering homeownership opportunities to lower-income families and individuals by providing federal assistance to eligible homebuyers’ direct purchase and rehabilitation of eligible single family properties. No funding has been appropriated since 1995.
Hope for Elderly Independence (HOPE IV): HOPE IV provided Section 8 rental assistance vouchers and supportive services to low-income elderly persons (62 years and older). In addition to providing Section 8 rental assistance, HUD paid 40 percent of the supportive services costs, while grantees paid 50 percent, and participants, excluding those with very low incomes, paid ten percent. No new funding has been provided since FY 1993.
Revitalization of Severely Distressed Public Housing (HOPE VI): The HOPE VI Program, originally known as the Urban Revitalization Demonstration (URD), was developed as a result of recommendations by the National Commission on Severely Distressed Public Housing, which was charged with proposing a National Action Plan to eradicate severely distressed public housing. HOPE VI funds are used to replace current-buildings with lower-density units.