Property Development
Community Housing Development Organization
(CHDO)
As a CHDO, HOME, Inc. is federally regulated to build affordable housing. To maintain our certification and continue receiving CHDO funding from the US Department of Housing and Urban Development (HUD), we undergo an annual audit to ensure compliance with all of HUD's policies and procedures.
We are one of the few CHDOs in Iowa.
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As the Developer & General Contractor For
All HOME, Inc. Homes
We Control The Process
We act as our own developer and general contractor. We have control over the entire process, and hire trusted subcontractors that have been vetted over the years. We make sure all permits are pulled, and everything is up to date with city, state, and federal codes and regulations.
Dollar Amount Invested in New Affordable Housing Development
& Home Rehabilitation Projects in FY 2024
$1,213,151.72
What Kind of Houses
Do You Build?
We create homeownership opportunities for families living below 80% of Area Median Income. Historically, this has included single-family homes and duplexes, but we are actively pursuing new projects that would offer homeownership in a variety of housing types.
Our clients come from all kinds of backgrounds, walks of life, and family sizes - including many multi-generational families. Our goal is to be able to offer attainable housing that meets the needs of a wide cross-section of households.
Our single-family homes are currently appraising for around $280,000 - $286,000. By utilizing construction subsidies and a variety of down payment assistance programs, we empower and enable families to achieve homeownership with mortgages ranging between $130,000 and $200,000.
To further support our clients, we strive to ensure their mortgage payments are at 30% or less of their gross income. This approach helps set families up for long-term success, ensuring financial and housing stability for years to come.
Our Home Designs
Two Story, Single Family Home
3 Bedroom, 2 bathroom
1406 sq ft.
The Farmhouse
Do You Do Renovations
or Remodeling?
We collaborate with various organizations and municipalities that manage housing repair initiatives, serving as the general contractor for these projects. Among these collaborations is the Metro Home Improvement Program. We also work with the City of Des Moines' Ion Project on many other initiatives
Take A Closer Look
Take a look at the interior of one of our Foursquare style homes!
Seen Any Vacant Lots Lately?
We are always looking for opportunities to acquire lots for the development of new, affordable homes. If you own a lot and you would like to sell or donate it to HOME, Inc., or if you would like to consider HOME, Inc. in your estate planning - please reach out to us! Or if you come across a vacant lot for sale in your community, please share the details with us!
Not only are lot donations tax-deductible, but they help enhance our score on various funding applications by demonstrating community support, reducing costs, increasing project feasibility, and creating opportunities for additional partnerships and funding sources. All of this means we have the ability to stretch our dollars and create more affordable housing in Des Moines!
