HUD has developed a series of webcasts to help Participating Jurisdictions and other program partners understand and implement the HOME Program requirements. This webcast series consists of very brief, topic-specific videos. Some videos explain and interpret the requirements in the HOME regulation, while others provide technical, how-to instructions on how to fulfill a specific requirement. HUD will continually add to the list of topics covered here, but begins the series with webcasts focused on the changes contained in the 2013 HOME Final Rule.
HUD Publishes 2013 HOME Final Rule
HUD published a Final Rule in the Federal Register on July 24, 2013 to amend the HOME Investment Partnerships (HOME) Program regulations.
This webcast provides an overview of the major changes contained in the 2013 HOME Final Rule and includes some of the context for these changes. This 60 minute webcast is interview style and covers ten key topics. The topics, and their start time within the recording, are:
Definition of commitment (at 6:05) | New deadlines (at 8:03) | CHDO capacity and roles (at 12:03) | Underwriting, subsidy layering, and market assessment (at 18:16) | Financial oversight and troubled projects (at 20:54) | Homeownership value limits (at 24:24) | Homebuyer program policies (at 28:14) | Income determinations (at 33:20) | Property standards (at 37:30) | Program administration (at 42:08) | Implementation tips (at 47:43)
This webcast provides an overview of the changes to the HOME Final Rule regarding commitment and expenditure deadlines. The new rule clarifies and expands on the requirements as they relate to the commitment of HOME funds. There is also a major revision to the CHDO reservation and a new CHDO expenditure deadline.
This webcast provides an overview of the changes to the HOME Final Rule regarding project deadlines, including the 4-year project completion deadline, 9-month homebuyer sales deadline, and rental occupancy deadlines. HUD established these new deadline requirements to ensure that the expenditure of HOME funds results in timely completion and occupancy of affordable housing units.
The 2013 HOME Rule clarifies and establishes new roles for CHDOs as owners, developers, and sponsors of housing, and this webcast provides an overview of these changes.