New HOME Final Rule Overview. January 22, 2014 Washington, DC. Key Changes. Program and Project Timeframes CHDO Reservation Written Agreements Subsidy Layering & Underwriting Written Policies & Procedures Project Completion Definition Property Standards Match Homebuyer Program Design
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
January 22, 2014
In general, requirements apply to projects to which HOME funds are committed to on/after August 23, 2013
CHDOs can sponsor rental housing in 2 ways:
1) CHDO develops rental housing on behalf of another non-profit or CHDO and transfers title after construction completion
2) Rental housing is “sponsored” by CHDO if owned or developed by:
Staff must have experience/capacity relevant to project and role as owner, developer, or sponsor