June 12, 2009

New HUD Multifamily Initiatives Underway
NAHB Board Approves Resolutions to Expand LIHTC Investor Base; Help Rural Households
Green Building: Building Efficiency Measure Passed by Energy Panel; HUD Green Retrofit Applications
Freddie Mac Strengthens the Multifamily Market with New Certificate Series
Community Reinvestment Modernization Act Introduced in the House
June 25 Audio Seminar Examines AD&C Lending Challenges
Resource: New HOME Compliance Publications
Calendar: Conferences and Events
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Resource: New HOME Compliance Publications

The Office of Affordable Housing Programs announced two new publications on rental compliance. View the summary of the new programs below:

Compliance in HOME Rental Projects: A Guide for Property Owners

This guide helps owners of HOME-assisted properties comply with the HOME Program’s ongoing affordability requirements.  It describes the specific regulatory requirements that apply to HOME-assisted rental properties during periods of affordability. It provides tools for owners and property managers—in the form of checklists, forms, and sample documents—to facilitate the day-to-day rental management of HOME-assisted properties.

Compliance in HOME Rental Projects: A Guide for PJs

This guide provides advice to participating jurisdictions (PJ's) on how to nurture compliant HOME projects. A compliant HOME project is a financially viable projects that is maintained in standard condition and rented at affordable rents to low-and very low-income tenants, in accordance with HOME rules, for the entire period of affordability. The guide will focus on two things; (1) Selecting and Managing  HOME Rental Properties and (2) the (PJ’s) role in ensuring long-term compliance.

To access these guides, all interested parties should contact COMMUNITY CONNECTIONS, P.O. Box 7189, Gaithersburg, MD 20898-7189, 1-800-998-9999. [return to top]

For more information or to contact us directly, please visit www.nahb.org l ©2009, National Association of Home Builders

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