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FY 2012 and FY 2013 HOME Appropriations Law Requirements

The Consolidated and Further Continuing Appropriations Act of 2012 and the Consolidated and Further Continuing Appropriations Act of 2013 imposed new requirements on 2012 and 2013 HOME Investment Partnerships Program (HOME) projects. The purpose of these requirements is to improve project and developer selection by Participating Jurisdictions (PJs) and to ensure that there is adequate market demand for 2012 and 2013 HOME projects.

The FY 2012 and FY 2013 Appropriation Laws imposed four key requirements:

  1. All 2012 and 2013 HOME projects must be completed within four years of the date the written agreement is executed. In cases where a project is not completed by this deadline, the project will be considered “involuntarily terminated before completion” and the HOME funds invested in that project will need to be repaid.
  2. Before entering into a legally binding written agreement to provide HOME funds for a 2012 or 2013 HOME project, a PJ must have underwritten the project or evaluated the underwriting of another funder, assessed the development capacity and fiscal soundness of the developer, and examined neighborhood market conditions to ensure that there is adequate need for each project.
  3. PJs must convert any 2012 or 2013 HOME homebuyer unit that has not been sold to an eligible homebuyer within six months of construction completion to a HOME-assisted rental unit, or repay the HOME investment.

PJs may not have reserved FY 2012 or FY 2013 HOME funds to a CHDO unless the PJ had determined that the CHDO had paid staff with demonstrated development experience. The PJ must have ensured that the current CHDO staff had experience developing projects of a similar size, scope and level of complexity as the activities for which HOME funds were being reserved or committed.

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Policy Guidance

HOME CPD Notices

Notice CPD-14-08: Operating Guidance for Implementing FY 2012 and FY 2013 HOME Appropriations Requirements

This notice explains how the FY 2012 and FY 2013 Appropriations requirements apply to Participating Jurisdictions' (PJs') 2012 and 2013 HOME projects, how PJs must comply with the requirements, and how HUD will determine PJ compliance with these requirements using data entered into the Integrated Disbursement and Information System (IDIS).

Date Published: April 2014

Webinars and Courses

Overview of the HOME FY 2012 Appropriations Law Requirements Webinar

This webinar provides HOME Investment Partnership program grantees with an overview of the operating guidance for implementing the FY 2012 HOME Appropriation requirements. The training covers the four key requirements that apply to all FY 2012 Consolidated Plan and Annual Action Plan Projects. Note: This webinar was recorded for posting on the website and is not part of the “live” webinar series below.

Date Published: June 2012

Recent IDIS Changes Affecting HOME PJs Webinar 

The webinar discusses open activity flags, an edit to the completion date for HOME activities, a revised commitment certification, a new CHDO certification, changes to HOME program income in IDIS, and the new PR 49 Deadline Compliance Status Report.

Date Published: June 2012

HOME FY 2012 Appropriations Law Requirements - Market Analysis Webinar

This webinar provides an overview of the FY 2012 Appropriations law requirement related to conducting a market assessment prior to funding HOME-assisted projects. It covers both homebuyer and rental project assessments and describes how HUD will apply the requirement. It also describes the required certification process in IDIS.

Date Published: June 2012

HOME FY 2012 Appropriations Law Requirements - Underwriting and Developer Capacity for Homebuyer Projects Webinar

This webinar provides an overview of the FY 2012 Appropriations law requirement related to underwriting both individual homebuyers and turnkey homebuyer development projects, such as subdivisions or in-fill new construction. It also covers the requirement to assess the capacity of developers of homebuyer units, including how to assess fiscal soundness, experience, and potential risk.

Date Published: June 2012

HOME FY 2012 Appropriations Law Requirements - Deadline for Sale of Homebuyer Units Webinar

This webinar provides an overview of the new requirement that FY 2012 HOME homebuyer units that have not been sold within six months of completion must be converted to rental units. The webinar describes the requirement including how it applies to HOME projects, key definitions, IDIS tracking/reporting and HUD monitoring efforts.

Date Published: June 2012

HOME FY 2012 Appropriations Law Requirements - Underwriting and Developer Capacity for Rental Projects Webinar

This webinar focuses on how to comply with the FY 2012 Appropriations law requirement to underwrite HOME-assisted rental housing projects and assess rental developer capacity, including their experience, fiscal soundness, and risk. The webinar describes the IDIS certification process and HUD's expectations for the content, timing and documentation of these requirements.

Date Published: June 2012

HOME FY 2012 Appropriations Law Requirements - For PJs - Assessing CHDO Development Capacity Webinar

This webinar provides an overview for PJs of the FY 2012 Appropriations law requirement related to assessing and documenting CHDO development capacity. The webinar describes the requirement and its applicability to CHDO activities. It also describes the certification process and HUD's expectations for documentation. Finally, the webinar provides practical tips for PJs as they develop their CHDO assessment procedures, including how to assess track records, what constitutes CHDO staff, and the CHDO role. This webinar is intended for all HOME PJ staff.

Date Published: July 2012

HOME FY 2012 Appropriations Law Requirements - For CHDOs - Understanding the CHDO Development Capacity Requirement

This webinar provides an overview for CHDOs of the FY 2012 Appropriations law requirement related to assessing and documenting CHDO development capacity. The webinar describes the requirement and how it applies to CHDO activities. It also highlights the certification process and HUD's expectations for documentation. Finally, the webinar provides practical tips for CHDOs in assessing their own capacity and when needed, shoring up the necessary staffing, skills, partners or expertise. This webinar is intended for all CHDO staff, although PJs and other nonprofits are welcome to attend.

Date Published: July 2012

Reports

2012/2013 HOME Homebuyer Activities Reports

PJs can use this report to view homebuyer activities with the 2012 or 2013 program year in IDIS that are in final draw, and those 2012 or 2013 HOME homebuyer activities with more than 90 percent of the HOME funds drawn yet no draws in the past six months.

Date Published: December 2013

2012/2013 HOME Activities Reports

PJs can use this report to view activities with the 2012 or 2013 program year in IDIS, including; activities that are open, activities in final draw, or completed activities.

Date Published: December 2013