Using HOME and HTF Funds within Opportunity Zones

Chapter Overview

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The Essentials of OZ, HOME, and HTF Programs. This chapter summarizes the key components and requirements of OZ, HOME, and HTF programs. It describes the purpose, key terms, and key requirements of the programs, and how the investments work.

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Overview to Using HOME and HTF Funds within OZs. This chapter orients the reader to the grantee’s considerations when contemplating investments in an OZ. It describes projects that might be feasible and suggests ways a grantee can find a compatible investor.

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Opportunities for Using HOME and HTF in OZs. This chapter explains why it is important to include HOME and HTF in OZs and how to identify OZ investment opportunities and create incentives for developers to construct or rehabilitate affordable housing in OZs.

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Challenges to Using HOME and HTF in OZs. This chapter describes the key challenges that grantees need to plan for when funding projects in OZs and the strategies they can use to overcome these obstacles.

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Ox Fibre: A HOME-OZ Success Story. This chapter highlights a successful development in an OZ in Maryland. Tapping a long list of financing resources, including HOME funds, this adaptive reuse project provides a road map that others can learn from.

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Resources. This chapter provides a master list of all resources (links, checklists, tools, etc.) used within this Guidebook.