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HOME Investment Partnerships Program

HOME Investment Partnerships Program. OVERVIEW - TOPICS. FY 2008 HOME Budget Performance Measurement American Dream Downpayment Initiative - Update Legislative Agenda Regulatory Agenda Technical Assistance and Training. FY 2008 HOME Budget.

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HOME Investment Partnerships Program

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  1. HOME Investment Partnerships Program

  2. OVERVIEW - TOPICS • FY 2008 HOME Budget • Performance Measurement • American Dream Downpayment Initiative - Update • Legislative Agenda • Regulatory Agenda • Technical Assistance and Training

  3. FY 2008 HOME Budget

  4. HOME Program - Proposed FY2009 Budget -

  5. Performance Measurement • HOME GPRA Accomplishments in FY 2007 (as of 9/30/07): • Homebuyer assistance: 34,985 (116% of target); • Rental production: 46,211 (152% of target)

  6. As of 12/31/07: A total of $213 million out of $260 million has been expended (82%); A total of 27,745 homebuyers have been assisted with ADDI; 52% of Assisted Households were Minorities; An average of $7,671 of ADDI assistance has been provided per household; 28 PJs have yet to use any ADDI funds ADDI Update

  7. Legislative Agenda • Affordable Housing Trust Fund (HR 2895) • Status • Comparison to HOME • TA-related Changes

  8. Regulatory Agenda HOME Proposed Rule: • First major rulemaking since 1996 • Publication expected late spring • Three focuses: • Updates • Clarification of existing policy • New provisions focused on compliance, oversight and performance

  9. HOME Program - Technical Assistance - • “HOME Certified Specialist” Training • 14 deliveries in 2007 • 1,019 PJ staff trained over 2 years; • median score 77%; pass rate 67% • Demand/Response Training for 2008 • 30 sites - No new requests being accepted • IDIS Web-Module – Self-directed training http://www.hud.gov/offices/cpd/affordablehousing/training/web/elearning/index.cfm

  10. 2008 HOME TA Products • Certified HOME Administrator Course • 2nd in the HOME Certification series • Rental Compliance • PJ Guide • Owner Guide • New 2-1/2 day training course • Monitoring Guide and Training Course

  11. 2008 HOME TA Products – cont. • HOME Written Agreement Guide • State-focused HOME Development Guide • TA for Troubled Projects Guide • Building Energy Star Qualified Homes Guide • Certified HOME Specialist – CHDO • Transit-Oriented Development Guide

  12. Future TA Products • HOME and LIHTC Guide • HOME Rental Underwriting Guide • HOME and CDBG Web Module • Single Family Underwriting Web Module • Resale/Recapture Guide and Training

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