HOME Investment Partnerships Program

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HOME Investment Partnerships Program
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OVERVIEW - TOPICS

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

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FY 2008 HOME Budget
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HOME Program - Proposed FY2009 Budget -
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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)

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ADDI Update

• 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

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Legislative Agenda

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

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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

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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

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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

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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

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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