• CPD Notices
  • HUD Guidance

Notice CPD-18-09: Requirements for HOME Homebuyer Program Policies and Procedures

Date Published: August 2018

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Description

This Notice provides guidance to HOME Investment Partnerships Program participating jurisdictions (PJs) on the homebuyer program requirements set forth in the HOME regulations at 24 CFR 92.254(f). PJs must implement these requirements for all homebuyers who receive HOME assistance or purchase a unit developed with HOME funds.

The Notice assists PJs to develop written policies and procedures for homebuyer projects and programs related to:

  • Homebuyer underwriting standards
  • Responsible lending standards
  • Standards for refinancing and subordination of HOME loans

The Notice also addresses the housing counseling requirements for HOME-assisted homebuyer, including the use of HUD-approved counselors and housing counseling agencies.

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Tags: HOME
Author Organization
  • HUD
Resource Approver
  • HUD Approved