Using HOME and HTF Funds within Opportunity Zones

What Do Potential OZ Partners Need to Know About HOME?

Woman shaking man’s hand at business meeting

When meeting with potential partners in the OZ, HOME PJs will want to brief these potential partners on the background and purpose of HOME and the HOME requirements. It will be important for PJs to explain the PJ’s process for identifying and reviewing potential projects and to point out any specific requirements that might impact a project’s timeline or costs.

Refer to the Checklist: Key HOME Requirements to Review with Potential OZ Partners for a list of topics the PJ should cover with its potential partners.

HOME Key Requirements

OZ investors may not be familiar with the HOME Program and its requirements to ensure housing affordability for low-income households. OZ investors will want to review HOME’s key requirements and the PJ’s process for identifying and reviewing projects that receive HOME funds.