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.
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