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Notice CPD-98-02: Allocating Costs and Identifying HOME-assisted Units in Multi-Unit Projects (Supersedes CPD Notice 94-12)


Date Published: March 1998


Note: CPD Notice 16-15 supersedes CPD Notice 98-02.

This Notice supersedes CPD Notice 94-12.

This Notice provides guidance to participating jurisdictions (PJs) who will use HOME funds, in combination with other funds, to develop multi-unit rental and homeownership projects. Specifically, it provides guidance to HOME PJs on how to determine the minimum number of HOME-assisted units in such projects and how to allocate costs to the HOME Program for these types of development. This Notice also describes a PJ's option to designate and track HOME units through a system of "fixed" HOME rental units or "floating" HOME rental units.

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