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  • HOMEfires
  • HUD Guidance

HOMEfires Vol. 1 No. 2: Applicability of HOME Program Requirements to Purchasers of 2-4 unit Owner-Occupied Projects

Date Published: July 1997

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Description

The City of Hartford, Connecticut, in an effort to address its low homeownership rate and lack of affordable rental housing designed a HOME Program funded Homebuyer Downpayment Assistance Program for purchasers of 2-4 unit properties whose incomes may exceed low-income limits. Can HOME assistance to the purchasers under this downpayment assistance program be structured to avoid triggering the income requirement and affordability and resale/recapture restrictions contained in 92.254 of the HOME regulations for the owner-occupant?

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  • HUD
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  • HUD Approved