Using HOME and HTF Funds within Opportunity Zones

What About HTF-funded Homeownership with OZ?

The focus of this guide is the opportunity to develop rental housing rather than homeownership units. As discussed in the Income Restrictions section, HTF targets extremely low-income households, and homeownership housing may not be a sustainable way to address the needs of this income group.

While homeownership investments are not prohibited by the OZ regulations, the long-term nature of an OZ equity investment would become complex in the event the owner needed to sell the property before the investment period is complete. It may be a challenge for grantees and OZ investors to identify deals where this could work.